Principles of CZ

1 General principles

1.1 Fairness

This is a broad principle that covers many aspects of life, including personal relationships, relationships with colleagues, and business transactions. I believe in treating people fairly. Don't take advantage of others, and don't let others take advantage of you. If you can't grasp this balance, you won't achieve much in your life. However, many things are easier said than done. Everyone is subjective and slightly biased. We need to resist this thinking and remain as objective as possible.

What is "copycat cow"?
"Altcoin bulls" refer to the altcoin markets that remain unaffected and rise strongly when the Bitcoin market pulls back. When the price of Bitcoin falls, the altcoin market does not suffer a setback, but instead continues to rise like a desperate force. This phenomenon is called "altcoin bulls".
Bitcoin’s pullback and market interpretation
From last night to today, the trend of Bitcoin was affected by a piece of news about the US government's transfer, and there was a significant correction. Specifically, Bitcoin fell from $97,300 to $94,300, a drop of more than $3,000 in just a few hours. Although many experts and analysts have come out to explain that this is just a custodial behavior, and even if the US government decides to sell Bitcoin, it will choose to do it through over-the-counter (OTC) transactions, which will not cause a direct impact on the market, the market's reaction cannot be ignored.

According to liquidation data, Bitcoin currently has strong support around $94,000, so a significant drop in the short term is unlikely. The current market atmosphere is leaning towards altcoins, with most funds flowing into altcoins. Although Bitcoin's market cap ratio has dropped to around 55, if it continues to approach 50, altcoins should be cautious as they may hit a short-term peak. Therefore, in the short term, pay attention to the risk range around 52, and it is expected that Bitcoin will rise again after a pullback.

Short-medium term opportunities for Ethereum
Although Ethereum has risen significantly from $2200 to $3766, the main upward wave has not fully started. Look at XRP, which has been continuously rising, while Ethereum has seen a spike followed by several days of stagnation, and is now in a consolidation phase. A new wave of upward movement is expected soon, so if you can buy at a lower price in the near term, you can focus on accumulating, aiming for a short-term surge to around $4000. Based on the previous upward rhythm, it may first retest the $3500-3550 range before continuing to rise and challenge $4000. After all, many mainstream altcoins have already broken through their early-year highs, and as the leader among altcoins, Ethereum has a good chance of a rebound.

Recently, XRP's rise has been very strong, driving many old mainstream coins to rise as well. The main reason may be that the investors in these coins have gone through a large-scale 'washing', and now there are fewer remaining investors, making the market lighter and easier to rise. Currently, Bitcoin is testing the support level around 95000, and according to the liquidation chart, the support around 95000 is still quite strong. The pressure above is around 99000. It is expected that when U.S. institutions start trading, the price is likely to rise. Therefore, there is no need to worry too much about the daytime correction; you can consider positioning at lower prices.

Recent performance of Ethereum and market outlook
Yesterday, Ethereum performed quite strongly, with the price rebounding over 400 points from around 3250 at the bottom, surging to 3688. Although it currently faces some pressure around 3700, mainly due to previous Ethereum ETF approvals leading to some trapped positions, it is expected that this level will need some time to digest before continuing to push upward.

In Ethereum's ecosystem, many projects have rebounded from the bottom and achieved doubling, especially ENS which performed notably well, rising from below $20 to $37 in just a few days. Other projects in the Ethereum series have also seen varying degrees of increase, with LDO and OP being particularly noteworthy; if there are pullback opportunities, they can be considered for investment.

Today, market sentiment has clearly improved, with various altcoins performing strongly, indicating that the current price range has gained market recognition. The critical support level at 91,000 is stable, and unless significant negative events occur in the short term, it is unlikely to be breached. Personally, I believe the market may attempt to challenge the 100,000 mark this week. The resistance for an upward breakout is relatively small, and for market makers, stabilizing above 100,000 before December could significantly boost market confidence and potentially lead to more upward trends by the end of the year: such as breaking 120,000 in December, hitting 150,000 in early next year, and challenging 200,000 by the end of the year. Current market sentiment is still slightly lacking compared to past bull markets, thus increasing the demand to push Bitcoin up.