In the four major markets, our performance was average, while the bulls on the other side sounded the clarion call.

The BTC market also rose slightly, encouraged by the US stock market. Or it stopped the decline during the day. The market hype has returned to the halving itself, but it can be seen that old coins such as LTC really do not arouse people's interest. After all, the chips are messy and there are a lot of problems. Who doesn't want to tease the young and dreamy new currency? It's like panning for gold in a cesspool. If you find it, you will smell like manure. It is not recommended to try.

If you really want to do exchange rate operations and volatility, my advice is:

Short forward to get BTC and get a call, then buy forward to get ETH and get a call

31000 and 2100 are two short-term previous high pressure levels, which are relatively easy to defend. It is recommended that option users pay close attention to them.

The Asian Handicap was just as we predicted, and it returned to its original form. When the Hang Seng was around 2W, it turned around and ran away like a sheep seeing a wolf. We are used to it.

The three major U.S. stock indices all closed higher, with the Nasdaq up 1.28%, the Dow up 1.24%, and the S&P 500 up 1.19%. Tesla, which is rumored to hope to build a factory in India, closed up 4.4%.

The Hang Seng Index closed down 2.09% and the Tech Index closed down 2.23%. Domestic real estate and Chinese stocks listed in Hong Kong fell across the board, with Bilibili, NIO and Country Garden closing down 5%.

Some people asked me about the core reason. If I had to explain, I think it was because East Asians had experienced bad times for the first time in so many years. They knew that the good times were over. There were fewer and fewer people willing to spend and gamble.

In the past 30 years, what everyone believed in were kings, princes, generals and ministers. Are there any special breeds?

What everyone will be thinking about in the next 10 years is that every grain of rice on the table is the result of hard work.

As major investment banks predict that interest rate hikes will stop as early as September, semiconductor and energy stocks have seen a surge in the US stock market. I am very optimistic about TSMC and expect it to break 100 this year. Its current valuation is very low and its business is very stable. It is definitely one of the golden stocks this year.

My Estee Lauder EL, which is stuck at $240, is predicted by major investment banks to be $268. Well, I feel a little relieved now, and I can ask my wife to buy a few more bottles of Estee Lauder to show her support (is it like LeTV shareholders buying LeTV TVs and NIO shareholders buying NIO cars?)

Finally, let me comment on a recent piece of news about SVB. The FDIC believes that the money of SVB in the Cayman Islands is not covered by the deposit insurance of the United States federal government, so the money of other people is not covered by the deposit insurance in this case.

To put it simply, the US dollars deposited in Silicon Valley Bank

If it is US dollars, it is US dollars, and the withdrawal is guaranteed

If it is not US dollars held by a US person (or a designated person), it is not US dollars and withdrawal is not guaranteed

(It is a bit like the handling of FTX.US. Transnational creditors, just chill out for now. Supervision and insurance have nothing to do with you. Who asked you to cross mountains and rivers to operate here?)

Foreign residents and funds are not taxed, so insurance is irrelevant?

How can I explain this logic? It seems to make sense, but it is still robbery.

Of course, you should not read the news independently. There is another piece of news that is played with a knife when you can’t win. Credit Suisse’s CDS is now also planning not to pay out because the CDS committee ruled that Credit Suisse’s full write-off of AT1 bonds does not constitute a condition to trigger CDS payout. If they had this awareness in 2008, the main players of the big shorts would probably have jumped off the building like Ding Hai. After all, it is just a technical adjustment of 15 to 23 years, and it will pass if they endure it.

Finally, let me give you a preview. There will be a large LIVE on Binance at 8pm tonight, where we will talk about structured financial management with guests. You can pay attention to it.

https://www.binance.com/en/live/video?roomId=2135706