Two basic rules for successful trading are stop loss and patient holding.
2024.05.21:
Bloomberg senior analyst Eric Balchunas tweeted that he heard that the U.S. Securities and Exchange Commission (SEC) hopes to return the revised 19b-4 document for the spot Ethereum ETF to them by 10 a.m. local time (based on the large number of comments they just received today), and it may be approved as early as Wednesday. In addition, according to Cointelegraph, citing Bloomberg ETF analyst James Seyffart, the approved 19b-4 must be accompanied by a signed S-1 registration statement before the spot Ethereum ETF can be launched. Even if the 19b-4s are approved this week, the signing of the S-1 may take weeks or even months.
According to Cointelegraph, with a 7% increase on the day, Bitcoin hit a record high in several countries in Asia and South America. The price of Bitcoin reached an intraday and six-week high of $71,650 on May 21, up more than 7% in the past 24 hours. The asset has recovered to within 3.4% of its all-time high of $73,738 set on March 14, according to Coingecko. However, the big move pushed Bitcoin to new peaks against several other fiat currencies as well. In Japan, Bitcoin hit an all-time high of 11.2 million yen in early trading on May 21, according to CoinMarketCap. This is the first time the asset has been worth more than 11 million yen. The yen has depreciated against the dollar in recent months, losing 10% against the greenback since the beginning of the year. Bitcoin also peaked in Argentina on May 21, with the asset hitting 63.8 million Argentine pesos, just above its mid-March peak. The South American country has been battling inflation of up to 290% and currency devaluation over the past few years. Other countries where Bitcoin prices are at or very close to their mid-March peak prices include the United Kingdom, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, and Turkey, as industry watcher Thomas Fahrer noted on X.
Account status: Total capital 545,000 (including dividends), principal 150,000, yield 250+%. Total equity of contract account 486,000, total position 524,000, 40+ varieties, 170+ pending orders.
Risk warning: Leverage is not a devil, it is just a tool to improve capital utilization.Leverage itself has no risk, the real risk comes from human nature.
