At this stage, I still have a pessimistic view on Bitcoin. Since the Bitcoin ETF was approved, it has only gone through a smooth trend, which is the period after it was approved. Therefore, in this round, there are basically no players who have become rich from trend trading like in the previous round, such as Fatty and Ouyang, who made hundreds of millions in one wave. This round did not appear. Instead, the successful ones are short-term traders like Lang Lang, who made 5 million dollars with 1000U, but he is also not replicable. I often wonder if I would have become rich if I were in the previous round. Abandon these unrealistic ideas. . .

The subsequent shocks were very disgusting, so I participated less, and more in Xiaohe Yuewan. The so-called institutional participation probably means that there is no smooth market that can be replicated before. Whether it is rising or falling, judging from the current decline, it is also very disgusting. If you do contracts, you will understand what it means to turn back every three steps to hit your stop loss. Therefore, the less you can participate in this hellish market, the more you try, the more unfortunate you are. In addition to the interest rate cut, there is no big expectation for BTC in the future. Don’t take Trump’s statement about using BTC as a reserve too seriously. After all, this B has said a lot before taking office but did not do it. It is just a tool for politicians to get votes. At most, it will affect the price in the short term.

There is no big problem with the interest rate meeting on the 19th. It is basically a 25 basis point cut, which is within expectations. The expected transactions have basically been reflected in the K-line. By the 19th, it is nothing more than a larger fluctuation in the upper and lower market. There are two scenarios. One is that the price rises before the interest rate cut and falls after the cut. The other is that the price falls before the cut and rises after the cut. It is impossible to guess the bottom. For me, only BTC below 50,000 is cost-effective, so I only consider taking it in batches below 50,000. I took it once last time, and it may not be less than 50,000 next time, but I will not take a large position.