Brothers, hello everyone, I am trader Zhu Yici. On July 5, 2024, Bitcoin fell below 54,000, Ethereum fell below 2,900, and the altcoins fell by more than 20%! Many people are in pain today, many people have suffered heavy losses, and many people have been liquidated. You can choose not to comfort them, but don't step on them and say some sarcastic words. This is also a kind of good deed!
This morning I liquidated all my spot positions and switched to a 2x contract. My original plan was to do 3x, but I was still timid. Some people said that my mentality had collapsed after seeing this, but what I want to say is that this was not an impulsive operation, but something that was planned yesterday. I like to do operations that go against human nature. I am naturally rebellious and I follow the voice of my heart.
I don’t know if it is the bottom now. I don’t want to be stubborn. I just feel that the emotions are there. This is the indicator I value most in trading. Over and over again, I can act bravely on the fourth time.
All the negative factors we see now will eventually come true. Germany's BTC may be traded over the counter. After all, they also want to sell it at a good price. Mentougou's compensation will be paid over three months. It is hard to say whether the users will sell it immediately when it reaches their hands. The negative factors we can see are not black swans.
The positive factors that we are ignoring now will still come, such as the approval of Ethereum spot ETF and the first interest rate cut in the United States. Don’t be blinded by market sentiment. Looking back, the price at this moment may be the lowest point in the next 4-5 months. Will you regret not being brave enough then?
You have to pay for your own decisions, whether you are willing or not, and you have to bear the consequences yourself. There is a saying that goes "If you gamble, you must accept the consequences."
Finally, wish yourself good luck!
