Hello everyone, I am 08 who continues to output useful information, and it’s time to chat again.

Today I want to share three points:

1. Interpretation of hot spots

1. Optimism has completed the main network Bedrock upgrade, and the native token OP has increased by more than 10%.

Optimism has completed the mainnet Bedrock upgrade at 2:50 a.m. on June 7, Beijing time, and the Bedrock sequencer has been launched. Deposit and withdrawal services have been restored and critical external OP mainnet infrastructure is operational again. This upgrade aims to improve blockchain performance, reduce deposit confirmation time from 10 minutes to 1 minute, and reduce gas fees by 40%. Data shows that Optimism’s native token OP is currently trading at $1.49, up 11.7% in 24 hours.

The op project is quite good. This on-chain upgrade directly improved the performance by 10 times. This wave of rebound of op is going quite well.

2. Changpeng Zhao: The asset freeze order only affects Binance US, and Binance.com is not affected.

In response to the SEC's application to freeze Binance US assets, Binance CEO Changpeng Zhao tweeted that if the court approves the restraining order, it will only affect Binance US. Binance.com will not be affected and the funds are safe.

Here 08 can say that bn us and bn are not the same company. Each platform will treat customers from the United States specially, just like SBF paid all the money of FTX American users. The United States judicial system has a more abnormal provision: long-arm jurisdiction, which means that even if you are not in the United States, if it causes harm to the United States, the United States has the right to go to xx.

However, my understanding is that it is something that can be solved with money.

3.Tether CTO: Stablecoins will move to full audits to prove reserves

If Tether can do this, its position in the industry will be more stable. Previously, it was often rumored that the authenticity of Tether's accounts could not be verified under the black box mode.

2. Market Analysis

Regarding Bitcoin's market, when Bitcoin was accused by the SEC yesterday, it was greatly affected by the extreme market sentiment and fell to the previous support level of around 25,300.

The negative impact on the market caused by rumors will also be stopped by facts. If the SEC does not have strong evidence to prove that Bi'an violated the rules, then it will collect protection fees.

My personal understanding of the market: it is still fluctuating downward, and the current market is characterized by wide fluctuations and declines.

It's very simple. No matter how much you say, the conditions for a bull market are not met now. It's just that the range of fluctuations continues to move down, fluctuating between 25,000 and 27,500. Now is not the time for a pattern, we can only say that the market is volatile. Once the pattern opens, the wallet will shrink.

Second cake, if we look at the weekly level, the weekly line of Second cake will definitely be below the 0-axis. If it does not fall below the 0-axis, the future bull market will have no motivation to rise. So in my personal opinion, short-term bearish trend will still prevail.

3. Dry Goods

Today I thought about the different trading styles in the cryptocurrency world:

1. Small stop loss and big profit: There is nothing wrong with this trading style, and with the addition of floating profit, it is easy to rise in a wave. The process is very torturous. If the entry time is in a one-sided market, there is no problem. If it is a volatile market, such as now, you will be massaged on the ground by the dog dealer, and the frequent stop loss will make you doubt your life. You need to wait for a year for only two months of the market, and you have to keep trying positions and enter the first position to try the market style.

So: the essence of trading is to take only one scoop from a vast ocean. There are many ways to make money in the market, but you can only grab one point and eat everything with one new trick. Don't bite off more than you can chew.

2. Fixed position, intraday trading: Intraday trading is actually short-term operation. What I mean by short-term operation is not frequent and random trading, but trading based on your own trading system. For example, if you are familiar with the top and bottom pattern + divergence graphic trend, then you just need to wait for such trading opportunities to appear.

The advantages are: you won’t lose a lot of money, you can make a profit by accumulating small amounts into large amounts, and you can set a good profit and loss stop.

Technology cannot guarantee that you will make money 100%, but it can definitely guarantee that you will lose less money.

So don't listen to the useless theory of technology or pure dog-market thinking in the market, saying that the K-line is drawn by humans. I can't deny that small currencies in the market are indeed like this, but for large plates such as big cakes or second cakes, the main force can indeed affect the short-term market, but it can never affect the big trend.

​In the face of trends, everyone is a leek.

Follow me, I am constantly outputting useful information 08.