Do not heavily invest before the rate cut confirmation. Currently, the market expects a 25 basis point cut, but there is a possibility of a 50 basis point cut. Therefore, it is normal for the market to have panic emotions before the data is released. The main focus is still on Powell's speech half an hour after the rate cut; whether he speaks hawkishly or dovishly is very important. Before the rate cut, it is highly likely that panic will lead to a downward trend. Direction will only come after the rate cut. What needs to be done now is to wait!!!
Jackson Hole Global Central Bank Symposium at 10 PM tonight, Powell will give a speech. It is highly likely that he will mention a shift in policy direction towards interest rate cuts, but will not commit to a rate cut in September, continuing to delay, delaying for future employment and inflation data.
Currently, almost all market currencies have emerged from relatively independent trends. Bitcoin and Ethereum are gradually losing their index characteristics. Market sentiment is gradually becoming fearful, but there have been no interest rate cuts or other significant events to impact the market, so the overall trend remains upward. The RWA sector is still the main narrative for future speculation, and the development of RWA is inseparable from oracle services. Recently, the leading oracle token LINK has seen a significant increase. Due to the promotion of stablecoins, the DeFi sector's popularity will remain constant.
The main players are not philanthropists; the higher they charge, the harsher they strike. Be aware of the risks; it's better to miss out than to incur losses. $ETH $BNB
Getting out of this position is not something that can be done in just one or two days. The coins that are currently rising are basically at historical highs. BTC, ETH, BNB, OKB—these coins that are truly rising are basically at historical highs. If you chased them and made money, I respect that; you deserve to earn this money.
bit逍遥
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During this period, I lost 1 million U while trading. I am a very successful left-side trader, but the recent large one-sided market trends have made it very difficult for left-side traders. Those who dare to chase at this position should indeed earn money; their courage and judgment are extraordinary.
I dare not chase; I am afraid of being left hanging at the peak. Of course, it may not necessarily be the peak; it could also be halfway up the mountain. I’m just watching the show; you all keep it up.
The market's FOMO sentiment has been completely ignited; it is a crisis where danger and opportunity coexist.
During this period, I lost 1 million U while trading. I am a very successful left-side trader, but the recent large one-sided market trends have made it very difficult for left-side traders. Those who dare to chase at this position should indeed earn money; their courage and judgment are extraordinary.
I dare not chase; I am afraid of being left hanging at the peak. Of course, it may not necessarily be the peak; it could also be halfway up the mountain. I’m just watching the show; you all keep it up.
The market's FOMO sentiment has been completely ignited; it is a crisis where danger and opportunity coexist.
In fact, most people come to the cryptocurrency space just to make some money, without the grand ideal of building the crypto world, so naturally, they only pay attention to short-term fluctuations and not to long-term development. One can adopt a constructive mindset to make short-term profits; this may sound a bit abstract, but it is indeed the case. The first thing to do is to believe that blockchain is the inevitable direction of future development, and you believe it can exist and thrive for years or even decades. Right now, the best carrier for data is blockchain; human development is inseparable from data carriers. Perhaps blockchain will iterate in the future, but for now, blockchain is indeed the optimal solution, although promotion is not that easy. Because decentralization infringes on too many people's interests. Of course, I'm saying this just to help you see the bigger trend; the trend of blockchain is upward, so our strategy must be short on the downside and long on the upside. The upper limit of traditional industries is visible. For example, Moutai, no matter how well it makes its liquor, its market is limited, and its market value is finite. However, blockchain can be infinitely expanded; currently, there seems to be no upper limit to blockchain. So-called resistance levels are merely the current market consensus, not its true upper limit. Of course, the market does not always rise; this is not healthy. A zigzag rise is the norm and a historical inevitability. So that golden pit will definitely come; what we need to do is to follow the tides of development, not to panic, and not to FOMO.
In fact, if Bitcoin pulls back to 90,000 or 80,000 now, it's only a 20-30% decline, which is normal after such a significant rise. The market is clearly overly optimistic right now. Many analysts, while they seem to be speaking with data, are actually just expressing emotions. It can't keep rising all the time; the same goes for US stocks, Bitcoin, and Ethereum. A pitfall will come, and patience is key. Opportunities are discovered through waiting.
Let’s patiently wait for a golden pit. A continuously rising market is not healthy; a healthy market must rise in a zigzag pattern. What we need to do is maintain our mindset during the ups and downs and refuse to give in to FOMO when the market is rising.
If we manage the risks well, money will naturally seek you out.
Everyone is here to make money in the crypto world. Can we please share something more meaningful? Every day it's just this one sleeping with that one or that one sleeping with this one; it's either this one with syphilis or that one with AIDS. Why is this circle just like the secondary dimension circle? It's all a mess. If you want to see beautiful women, go to Douyin; if you want to get close to the edge, go to Douyin as well. I don't know which genius combined getting close to the edge with trading cryptocurrencies, but the first person to do that is definitely a fucking genius.
Everyone knows that crypto enthusiasts have repressed sexuality, right? Well, now it's great; even wild chicks are coming to the crypto world to make money. A circle of geeks and traders is slowly becoming mixed with all kinds of people, with all sorts of stinky fish and rotten shrimp.
Could it be that a bull market really requires imagination? Is four thousand just the beginning? Those micro-strategies in the U.S. stock market might be trying to use Ethereum to boost stock prices, what about pensions? Does the real bull market have to wait until the midterm elections in 2026 to truly begin?
But I've basically cleared out my spot holdings, 2300 Ethereum, 5 UNI, 200 AAVE, I'm wondering whether to wait for a pullback to buy back in, the key is that the current market doesn't even seem to want to drop below four thousand.
I guess I'll just hold on a bit longer, after all, four thousand Ethereum isn't a suitable target to get into.
Ethereum has unsurprisingly reached a new high, and as for whether it has peaked, it is currently not visible. Since Ethereum transitioned from PoW to PoS, it is no longer the same Ethereum as before. It is unreasonable to use past historical highs to judge the current pressure. As for the trapped positions around 4700, if after such a long time it has dropped to 800 without averaging down or cutting losses, I would call that person a master. Therefore, actually, there isn't a substantial trapped position at 4800, only some selling pressure.
Bitcoin at its current position has been played out; without a significant correction, it is impossible to activate Bitcoin. Unless institutions treat it as gold, hoarding it and never selling, only driving up the stock price without relying on Bitcoin for profit.
The market has been manipulated to the extent that even a high Bitcoin is not appealing for buying; new money can only be invested in Ethereum, which is why I say that in the short term, Ethereum's peak cannot be seen.
Without a significant correction, I do not plan to re-enter the market. I judge that the next significant correction is likely to be due to the collapse of a stablecoin. Recently, there have been too many newly issued stablecoins, and undoubtedly, some are not legitimate. It's just a matter of how they will collapse, whether it will be due to insolvency or hidden collateral issues.
The collapse of a stablecoin would be a fatal blow to the crypto space, but there is no need to worry. The market is becoming more regulated, and as it grows larger, it will not collapse easily. On the contrary, after a collapse, it will truly activate the market.