Although it’s a bit late, the homework still needs to be submitted. As I mentioned yesterday, fluctuations are inevitable. Even during the peak of the rise in 2021, there were over 30% drawdowns. What we have now is really nothing, and we repeatedly emphasize that there is currently no actual negative information. Even if one is bearish, there’s no need to short, as we don’t know when some information could directly push the prices up. Today, I was still communicating with friends, and everyone feels that shorting at this stage might not be the right decision.
Not only #BTC is rebounding, but even $MSTR and $SMLR have started to rebound as well. This does not mean that the army of short sellers has retreated; it can only be said that the market still believes that the rise in BTC prices can help the rise of MSTR. I mentioned yesterday that if BTC rises today but MSTR falls, then we need to consider the risk. However, the result is that both have risen, and relatively speaking, I will lower the risk line for MSTR a bit.
December 11 at Beijing time is still a very important voting day for Microsoft. Next week, it’s very likely that Michael will go to Microsoft to present the BTC investment plan to the board. I also mentioned that I would buy a batch of MSTR or #Bitcoin for speculation before this. Currently, it seems the probability of buying MSTR is a bit higher. Today, I have already transferred some funds to my US stock account, but the 28th in US time is Thanksgiving, and the US stock market will be closed, with an early closing on the 29th. So for buying, I will first observe the market situation. Because even if the vote on the 11th does not pass, I will hold these purchased assets for the long term.
The performance of #ETH in the past couple of days is evident, and there’s no need to say much about it. It seems my sixth sense is still good; I hope ETH can have a better upward channel, but this is not an investment suggestion, and we still need to be cautious about FOMO.
I still want to reiterate my point. I am inexperienced, but BlackRock is not. Since they have gathered a large number of smart analysts and high-net-worth investors from around the world doing what they are doing, I can disagree, but there’s no need to oppose. At least I have not been arrogant to that extent, so I will follow what BlackRock supports. I still think this way now.
I won’t say much more about BTC data. What needed to be said, I already mentioned yesterday.
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