A person without a goal will eventually become a goal to be achieved by others. A person without a plan will eventually be planned by others.

Tangren believes that what really determines trading profits is never the market, but ourselves, and it has nothing to do with luck.

It is more because of ignorance that we are fearless. Therefore, always remember that when the market goes with the trend, the market makes you; when the market goes against the trend, the market educates you.

Look, in the past 24 hours, nearly 85,000 people have been educated by the market, and the network-wide liquidation data of nearly 300 million US dollars is shocking.

The main reason is the explosion of single levers. Sometimes it is really helpless. If you have read Tangren’s article yesterday, at least many people can avoid a huge loss.

Yesterday, Tangren had already stated that if the war situation worsens, there will be a downward correction, but there are still many people who are stubborn and do not believe in the trend.

Judging from the data, the contract open interest this time is much lower than the wave that hit 69,000 in March. A bull market needs to clean the market back and forth, clear leverage and purify the situation, and then have a low-level shock to torture contract players back and forth. After the foundation is laid, there will be another wave of take-off.

Such a downward shock is bound to cause panic among many investors, and even some ignorant analysts have begun to shout slogans such as "Run away when the bear market comes."

Brothers, this is just the beginning. It took just over a month for the price of the cake to increase from 40,000 to 74,000. Many leeks didn’t have a chance to get on board.

And in the past month or so, Bitcoin has only adjusted from 74,000 to 65,000. There is no need to make a fuss about such a small correction.

The core of the bull market is speculation. The market releases all kinds of information or smoke bombs to interfere with your getting on and off the bus. As an ordinary investor, the best choice is to watch the show quietly and hold the big pie in your hand.

At the same time, don't try to find too many so-called reasons for rises and falls, such as market sentiment, regulatory developments, macroeconomic conditions, international trends... etc. If you find too many, you will find yourself confusing yourself.

Yesterday's ETF inflows slowed down again. BlackRock was still buying and Grayscale was selling. The overall net outflow was US$37 million, totaling 579 ETFs. The rest of the ETFs were quiet, at least no one was selling, which is a good thing.

Tangren believes that such a slowdown in flow will not last too long. Once the macro environment improves and the adjustment of risky assets is over, ETFs will inevitably regain their vitality.

According to online news, the Hong Kong spot bitcoin ETF has been approved, but has not yet been launched on the market. It is rumored that it will be released next week.

However, according to Bloomberg analysts, Hong Kong's virtual asset spot ETFs are expected to attract a maximum of US$500 million in funds. The reasons are: 1. The Hong Kong ETF market is very small, only US$50 billion, and mainland Chinese residents cannot purchase these ETFs, at least through official channels.

2. The three issuers that have been approved (Boshi Fund, China Asset Management, and Harvest Fund) are all small in scale. No large institution like BlackRock has participated yet.

3. Hong Kong’s underlying ecosystem is illiquid and inefficient, so these ETFs may see larger spreads and premium discounts.

4. The fees of these ETFs may be between 1-2%. This is far from the extremely low fees in the United States. Although it is a bit pessimistic about our Eastern Power, he did present the logic and facts, plus it can be subscribed in kind, so the incremental funds are indeed very limited. However, no matter how small the fly is, it is still meat, no matter how much it is, it is good news.

Although the current market is fluctuating and falling, Tangren once again expressed his opinion that the current price is a good opportunity to enter the market.

If you still have positions, you can get on board appropriately. If you are already fully invested, there is really no need to lose your composure because of temporary ups and downs. Just wait for the market to rise.

My personal plan is to sell 30% of my position if I get to 100,000-120,000. The rest will depend on the specific situation in the future. During this period, any market fluctuations will have no impact on me.

To take a step back, if this round of bull market ends before the price reaches 100,000, I will keep the spot trading plan until the next round. As for other small altcoins, some have doubled their profits and exited the market, while others are still moving towards the goals set by Tangren.

No matter what, what we can do in the bull market is to plan our trades, then trade our plans, and then, do what we should do, such as going out more often to maintain health, wash your feet, look at beautiful women, etc. Don't stare at the market all day long. In addition to cryptocurrency trading, there should be more people and things in life that are worth your cherishment.

Tangren writes articles carefully every day to provide you with certain reference and decision-making value. If you think it is well written, please like, follow or forward it. This is the greatest encouragement and support to Tangren, and also the greatest motivation for Tangren.

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