In the trading market, most people are not trading rationally, but are "gambling with their lives" with their own wealth.

They are completely ignorant of key knowledge such as position management and fund management. We must know that there are thousands of different opinions in the market, and each KOL holds different views, so we must build a mature trading system that can achieve stable profits.

After all, profits gained by luck will be returned sooner or later, and getting rich overnight is just an accidental experience for some individuals.

Trading is different from running a real business; here, a slight movement of the finger can lead to thousands or even tens of thousands in funds being in and out, with money coming and going quickly.

It is especially important to remember not to hold onto positions; once the price hits the stop-loss position, be decisive in closing the position. If you lack the courage to act decisively, it’s better not to engage in harmonious trading.

Now let's summarize the key points from the morning:

First, the 4-hour price trend of Bitcoin (BTC) is currently showing no signs of decline, so even if you feel bearish inside, don't act on it lightly; follow the principle of going with the trend.

Second, the current greed index of the market has reached 94, which means the sentiment of greed has reached an extreme state. For the long positions held, it is recommended to reduce them in batches and always prioritize risk control.

Third, only when the price of Ethereum (ETH) rises will the entire market feel a sense of 'happiness,' and altcoins may also see a rally.

Fourth, the Solana ETF project has reignited hope, as Cboe has once again submitted a 19b - 4 application to the SEC, which is worth following up on.

Fifth, SEC Chairman Gensler will depart on January 20, which may bring some changes to the market.

Sixth, the possibility of Trump establishing a strategic Bitcoin reserve on April 29 has now reached 43%, an increase from 25% four days ago. This change may affect Bitcoin's subsequent trend.

Seventh, FTX has announced a timeline for creditor and customer distribution, expected to start the relevant processes in January 2025 and begin refunding users in March, which is good news for FTT.

Eighth, on October 27, options with a value of 11.8 billion dollars will expire, and the market is likely to experience significant volatility at that time, so preparations should be made in advance.

Ninth, Cake can now be traded directly on Telegram, which is undoubtedly good news and is expected to bring more trading opportunities and market attention.

First, FTM will go live in December 2024, which is good news. It is recommended that investors can allocate during dips to seize potential opportunities.

Second, JTO has released a new Tiprouter proposal that can increase profits for JTO stakers, which is good news for its holders.

#比特币突破10万？ #ETH市场新动向 #SOL创历史新高 #现任美SEC主席将于1月离职