2024-09-18 Abridged Views

The meeting is at 2 a.m. today, not 2 a.m. tomorrow. In the case of Bitcoin sucking blood from the whole market, normal coins will not see a rebound. On the contrary, when Bitcoin rises, it will not follow the rise, and when Bitcoin pulls back, it will follow the decline. The rebound needs to be established when Bitcoin remains sideways in a bullish pattern, but if you calculate the time of the good news, there may not be time for a rebound.

Don't go short on the altcoins at this time. Many altcoins are now overcrowded with short orders. Recall the abnormal rise of AAVE at that time. Now CKB and NEIRO are the same. Before there is enough contract counterparty price, it is necessary to buy spot with real money to pull up. When the short contract volume is sufficient, you can blow up the shorts all the way and push the price to a price that makes you vomit blood. These short orders will not die 80%, and it is difficult to fall. Those who have been trapped should reduce their positions. The rest is to endure until the good news is exhausted and the market falls back again. They can't do it for long. When the market falls, every minute of maintaining high prices will cost a lot.

If you can pull up 100% in one day, you can drop 50% in one day

When the market starts to fall, don't rush to leave after you get out of the trap. Change to a loss-protection method and continue to hold on. You have already been trapped, so you can't let it go in vain.