Tonight's decline is not a spontaneous market behavior; it is due to an emergency situation.
Political disputes in South Korea have intensified; the president announced a state of emergency and delivered a televised speech announcing the need to eliminate domestic forces.
Due to the ban, the Upbit platform collapsed, Bitcoin experienced severe premiums, directly dropping to around 60,000, and XRP nearly halved.
This wave of opening contracts for South Koreans probably has them thinking about what to do with their lives right now.
Although our impact is not significant, the platforms we use are among the top-ranked ones, and generally, such situations do not occur, but this is the crypto world; anything can happen.
This is also why Thirteen has always advised everyone to avoid high leverage.
Anything can happen in the crypto market; such emergencies occur even in bull markets, and black swans are even more frequent in bear markets.
A nearly halved crash; regardless of how safe your liquidation position is, it can basically be triggered in an instant.
It has also dragged down the entire crypto market, but it has rebounded instantly. Thirteen has already reminded everyone to buy the dip around the 3550 position.
Looking back now, it was a good choice.
This sudden event only caused a slight tremor in the crypto market, indicating that the current position is relatively stable, serving as a consolidation range that is hard to break down or surpass.
For investors who have not entered the market, buying the dip is a good choice.
2,
There is also not-so-good news.
As Old Biden is about to step down, he doesn't forget to stir things up to annoy Trump.
19 billion dollars' worth of Bitcoin was transferred to a Coinbase account; generally, this behavior is either due to the account being hacked or the intention to sell and cash out.
The possibility of being hacked is not great; the latter is somewhat more likely. 1.9 billion may not cause a significant impact, but the U.S. government holds 210,000 coins, which is quite frightening.
In addition, Biden used his presidential pardon power to exempt Hunter Biden from all charges, and even if Trump comes to power, the pardon cannot be changed.
Old Biden is no longer pretending as he is about to step down; he has directly started taking action.
After all, there is only one son; if he is gone, the line stops.
It also makes perfect sense to use Bitcoin to annoy Trump.
Given the current situation, December may be an extraordinary month, and there is a high possibility of maintaining a sideways market this month.
There is even a possibility of a decline.
Regardless of rises or falls, December may be the last opportunity to enter this bull market.
Thirteen has mentioned the opportunity to enter multiple times before, but this time is truly the last one. Although it seems that the position is a bit high, the bull market never says 'top'; the future will be higher.
Every bit of your capital now is fundamental to making a profit.
Of course, no matter how crazy it gets, you must control your positions and avoid going all-in.
3,
Many people invest in crypto just for the gamble.
Although I have read many of Thirteen's articles and recognize his investment style, when I look at his positions, they are all high-leverage contracts.
He claims to be my loyal fan, but when I see this style, it contradicts my articles.
So Thirteen had to renegotiate the investment plan with him.
In high-leverage contract investments, Thirteen has encountered many; in 2024, only one friend actually turned a few thousand U into 40,000 U, while almost everyone else is currently in a state of loss or liquidation.
Everyone wants to achieve financial freedom through contracts, but very few can actually do it.
This round of the market has just begun. He may have made a few correct bets, but there is a long way to go before the bull market ends. At this time, do not think that your tens of thousands of U are free money. Take out the principal and play casually without any psychological burden.
You should treat these tens of thousands of U as your principal to play with; otherwise, the money you earn in your mind is just waste paper, and the actual performance may also be just waste paper.
Fortunately, after meeting Thirteen, we reorganized our positions and formulated an investment plan; these tens of thousands of U are essentially secured.
But not everyone has his luck and ability; people should not imitate.
Thirteen knows well that it is precisely because of this hope that many people like to take risks.
If you want to earn money steadily in the crypto market, you must stay away from these high-profit temptations.
You win ten times and lose once; you lose everything.
If you opened high leverage on the South Korean exchange today, then you are probably lining up on the rooftop right now.
