Bull Market Top Exit 35-Week Review, Federal Reserve Leader's Interest Rate Cut Candidate Preliminary Decision, Interest Rate Cut and Balance Sheet Expansion Still Unable to Rescue the Lackluster Market, Sister Bei Cleared These Coins Due to the Imminent Risk of a Trend Reversal and Decline!
Due to attending the Dubai conference at the beginning of the month, last week's review post was paused for a week, thank you for your patience! Now let's get straight to the point! Bitcoin at 80600 has bottomed out and has rebounded for three weeks now, which can be said to be mediocre. Apart from Ethereum being relatively strong, other coins including Bitcoin have shown average rebound strength. Bitcoin has formed five or six resistance levels but still cannot break through the 94000 pressure, falling short of Sister Bei's expected value.
This week, before and after the interest rate cut, Sister Bei took advantage of the relatively high position to reduce her holdings by 35%, completely clearing out the altcoins, liquidating pengu, ray, sui, ada, and bnb, and closing all risk exposures. She also reduced her holdings of pepe by 50% and sol by 30%, mostly at a loss. Her actual account now only has 770000 left, still in a halved state, it hurts!