It's another day of being beaten by the cryptocurrency circle. From March to October, we have been suffering for 7 months. Only faith is still supporting me.
In the short term, Bitcoin broke through the previous high of 64,500 last night. This was a bold attempt by the dealer, but it was brought down by the plunge of the US stock market. I now plan to hang a short long position above 61,700 to fight for a rebound.
The market in October is still very exciting, because FTX's 16 billion repayment has been approved in the early morning of today and will be issued one day in a few weeks, which will inject a lot of US dollars into the market.
Then there is the interest rate cut and the general election in early November. I think now is your last chance to get on the train before mid-October. Enter the market at a low point. If it really flies later, you have no position and you are unwilling to chase high. When the surge is so severe that you can't stand it, enter the market at a high position, and the result may be that you will completely miss the big bull market.
So it's better to buy at a low point now, hold patiently, and wait for the arrival of the big market!