This message is very important today!!! Binance Wallet has launched Binance Alpha to discover emerging project opportunities.

Three main reasons to emphasize the importance of the wallet:

First, OKX made a significant profit through its wallet in 2023 during the inscription craze, while also expanding its influence. Binance, facing such competition, certainly does not want to sit idly by. The recent removal of inscriptions from the wallet indicates that they can no longer compete with OKX in the inscription wallet space and need to seek other breakthroughs.

Second, the narrative shift in this bull market has led people to reject VC tokens and seek opportunities on-chain, increasing the frequency of wallet usage.

Third, it can integrate with BNB chain to better exert influence.

The name Alpha was chosen because it means excess returns above the market index in investing, directly indicating how the wallet will be promoted, which is through wealth creation effects. Therefore, at least for the projects promoted in the early stages, even if Binance does not intervene to boost prices, they will be carefully selected good projects worth purchasing. #币安钱包

To make money anywhere, you need to have your own methodology. This applies to the cryptocurrency space as well. Whether you choose to mine, trade contracts for short-term gains, engage in quantitative trading, conduct research and hold spot assets, or even open a dog coin exchange to exploit others.

I primarily focus on research and still adhere to Buffett's philosophy, which involves studying long-term trends and patiently holding good assets after identifying them. I have also studied contracts but ultimately gave up. The reasons are that, one, I might not have the talent; I couldn't identify significant opportunities in contracts, and the returns from various indicators and charting were not substantial. Two, trading contracts is exhausting; it requires constant monitoring of the market, and frequent opening and closing of positions is a huge drain on both energy and mindset.

Therefore, I rarely make bold claims. Generally, I analyze a project and only speak up when there is a high probability of opportunity. However, at 3 AM on December 11th, an excellent opportunity arose for both contract trading and spot trading, so I posted to encourage everyone to increase their positions. However, the response was so lukewarm that everyone probably thought I was rambling at that time.

I find it hard to understand everyone's logic. Perhaps trading is inherently against the crowd. At that moment, due to time constraints, I only briefly mentioned it. Now, I will explain my judgment logic in detail. You can compare it with your own reasoning to see where you might have gone wrong. From a technical perspective, at that time, Bitcoin had already undergone a second bottom test, indicating a decrease in short-selling momentum. Coupled with the liquidation volume during Bitcoin's first spike, it showed that short positions were also taking profits. However, Bitcoin's decline was not substantial, confirming that the overall trend had not changed. Therefore, altcoins will eventually rebound, making it a good time to accumulate assets.

Called at three in the morning, no one cared😅

What are you waiting for at this position without adding to your position? Technically speaking, it has already tested the bottom twice. In terms of risk-reward ratio, if you set your stop loss at 10%, the risk-reward ratio for the pullback is 2:1, which is everywhere. If you're bold, add to your position on these altcoins that have dropped 50% in the last couple of days, like Mana. If it breaks the March high, it means the project is normal, and the trend is still okay. If you're more cautious, add to your position in BNB or ETH. You don't even need to set a stop loss for these; can they really trap you? If they do trap you, then the entire Web3 will go down with it. You're not alone, so what are you afraid of? Listen to me and add to your position!

Newcoinmove can do arbitrage today, the price difference between bn and ok is 5%, the price difference between bn and bybit is 20%, and the price difference between bn and upbit is 150%! $MOVE

I have recently seen some bloggers promoting ena, and for this coin that I both love and hate, I don't think there are many bloggers with deeper insights than I do, so I decided to write an analysis.

First, let's talk about the love part.
What is ena? Ena is a stablecoin issuance protocol. Stablecoins are a delicious cake that most retail investors overlook, but all institutions or whales are envious of. The issuer of the most widely used stablecoin, USDT, is a company with just a few dozen people making tens of billions of dollars in profit each year. After scaling up, what users provide is real USD, and the issuer only needs to give you a string of numbers on the blockchain. They then take the USD to earn interest while you can't enjoy any of the profits.

However, ena proposes a stablecoin protocol and offers high annualized returns. Where does the money come from? It relies on arbitrage funding fees. Users can stake ETH to obtain USDE. After you stake ETH, the ena protocol simultaneously opens a long position and a short position based on the current price, allowing you to capture the funding fees. In a bull market, the funding fees can be quite substantial, which supports the high annualized returns.

Next, let's discuss how to play with ena. The logic of ena is not just about benefiting from the price increase of the coin. From the outset of its design, the underlying logic is extremely Ponzi-like. Ena is still in the airdrop phase; as long as you stake ena or USDE, ETH, etc., you can earn points that can be redeemed for airdrops later. Now, let's consider what might happen if this continues: If the bull market persists, the high funding fees can continue, buying ena (reducing circulation, increasing price), exchanging their issued stablecoin USDE (increasing the issuance scale of USDE), will lead to an ever-decreasing quantity of ena in the market. During the bull market, one can spiral upwards by stepping on both sides, with no new narratives or new tracks, just real profits. It’s a true conspiracy; it all depends on whether you dare to gamble that you won't be the last one buying at the peak.

Now, let's talk about the hate part.
That is, the operators of ena do not treat people fairly. First, there's the issue of the coin price, which has dropped so much without any intention of controlling it. Second, there are ethical concerns. Recently, the Ethena team was using 180 million ENA tokens (accounting for 25% of SENA's supply, used to earn Sats), which effectively diluted the rewards of other participants.

Then let's talk about research reports. I've been reading research reports for over five years now, and I've subscribed to a few professional research report websites. At first, I carefully read each report, looking into what architecture the project used, what new technologies were involved, related projects, investors, project parties, user numbers, TVL, token unlocks, and so on. Now, I just skim through them to understand the new developments in each sector and remember a few key data points that I need.

Does that mean research reports are useless? Research reports are useful, but you can't just buy everything that they recommend. Or rather, research reports can only serve as a supplementary aid to your trading logic, but they cannot be the main force. I rarely buy various concept tokens mentioned in the reports, just like those AI computing power tokens that were very popular at the beginning of the year—things that already exist in Web2, and centralized solutions are clearly better than decentralized ones (that's right, not everything needs to be decentralized). They come to Web3 just to cash in on the hype; they might make a profit in the short term, but ultimately, it's just a mess.

I generally only buy things that can genuinely generate a continuous cash flow. Remember, this is the true core; it allows the project parties to do their work well and promote their projects effectively. The world is bustling for profit. This year, when UNI was rumored to be under investigation by the SEC and plummeted in price, I immediately bought in. I didn't know what chain they were going to launch later, nor did I know that Trump would become president and change the SEC chairman, but I knew it was the largest DEX and a cash cow in the EVM ecosystem, with a continuous stream of profits. That was enough for me to see the potential for growth.

First, let's talk about the first part of playing with meme coins. I have only two ways to play meme coins. One is insider trading, where I know someone who has set up a scheme and invites friends to support it. The chances of a rug pull are not very high unless the person organizing the scheme no longer wants to be in the space. The funds provided can be a bit larger, like the recent stir caused by amix on jumpfun. While everyone else was still pushing for rights protection on social media, I was already being asked how much I had lost and was provided with a wallet address for a refund.
But I have never taken a large position in this type; first, if it does rug, years of hard work go down the drain, and it’s not just hard work but also the luck you’ve had over the years. Don’t think that if you make money in the crypto space, it’s all due to your skills; luck is also a very important part. Second, you are just there to support and make a little money, not to be the main player; if you really make money, the main player won't let you have it.
The second way to play with meme coins is when the secondary market doesn’t have much action, to find a few smart money addresses, analyze the projects they are entering, invest a few tens of dollars, and take out your capital when it doubles. This mainly helps to expand your capabilities in other sectors while finding something to do. You absolutely cannot just dive into a project you don’t understand with a large position, let alone with meme coins.

I have a friend series, but this friend has done better than most retail investors. At least he knew from the start that he wanted to hold Bitcoin, recognized the potential of Solana, and understood how to read research reports. But in the end, why did he end up losing money? Let me analyze the logical errors involved.

Why is it said that many losses occur in a bull market? Aside from opening high-leverage contracts and encountering a market crash like on December 5, another reason is dying from chasing hot trends. There's a saying in trading: 'Guard your own batting zone.' This means not doing things you are not good at. For example, some people are good at short-term trading, so they look at candlesticks and use real-time news to trade. Some people excel at trading meme coins, so they analyze various on-chain data. Some people are good at capturing airdrops, so they write scripts to use bots for mass grabbing. However, most people are not proficient at anything, so they should find a reliable influencer to follow or safely hold Bitcoin and platform tokens instead of rushing into any hot trend they see.

This week's Shanzhai Season Recommendations:
Set all the following stop losses at 6%. When the profit exceeds 10%, set the 10% position as the stop loss. For every 5% increase, the stop loss can be raised by 5%. It is best to actively close the position when the profit reaches 20%. You can try a small position of 10u or 20u. I just want to prove the logic mentioned in my previous post. Currently, there are only these this week. Only seize opportunities with high certainty. New ones will continue to be released later this week.
BB: 0.45$
SEI: 0.68$
PORTAL: 0.5$
BURGER: 0.63$
AR: 26.8$
REZ: 0.63$

In the crypto world, if you don't understand logic, you can't play at all. However, there is a logic that Buffett has long told you: 'Buy where no one cares, sell when there is a lot of noise.' These days are good days for old altcoins; XRP and ADA have been skyrocketing, playfully referred to as 'zombie ascension.' I mentioned this on October 15th at Binance Square. What was the situation at that time? The crypto market had been fluctuating for more than half a year with no clear distinction between bull and bear. The secondary market was filled with despair, and no one cared about it; moreover, there was a trend of buying new coins instead of old ones, further neglecting those old altcoins, as everyone was rushing to play on-chain PVP with meme coins. I first said that the fluctuations were about to end, and then mentioned that old altcoins were showing unusual activity, possibly due to institutions having news and preparing to accumulate. In this unregulated crypto space, institutions can act recklessly. Now some people are starting to analyze these old altcoins, saying that all the chips are in the hands of the big players, and that when they transfer from one hand to another, the price can skyrocket. This is true, but how do you know whether the big player will push the price up? There’s a saying: when you have money, everyone around you is a good person. Once you become an institution, you’ll find that indeed, everyone makes money together; they cut the leeks together. One reason is to share risks, and another is to share information and help each other out, potentially earning more. So, the signs of the old altcoins could be seen as early as October 15th. Furthermore, the caution in accumulating positions typically takes place during the rebound of Bitcoin, trying to avoid letting retail investors notice the unusual activity. Most people would think this rebound was driven by Bitcoin, but at that time, liquidity in the secondary market was already very poor. Where would the funds come from to increase the liquidity for these old zombies? So, I went to check some on-chain data I obtained from institutions internally, and I concluded that institutions were building positions. Therefore, if you want to make money in the crypto market, either diligently learn and create your own profitable logic, or look for a trader you trust to replicate their operations 100%. Some may ask if there is a way to make money while lying down? There actually is; when no one is discussing the market, buy Bitcoin and hold it, and when it drops, dollar-cost average to increase your position, relying on time to earn profits.

Those stubborn short sellers, Bitcoin is giving you your last chance now. At around 71000, hurry up and cut your losses and close your positions. If your positions explode later, you won't be happy. You'll complain, and the ones you should feel most sorry for are the electric vehicles that were pushed into the river back then. You'll ask if you downloaded pirated software, wondering why everyone else is making money while you are losing. $BTC

Any decline in the current pancake should be treated as a trap for shorts; if you don't believe it, go ahead and try shorting.

There isn't much to say about the current market; to describe it with a line of poetry: 'One should use remaining strength to pursue the desperate enemy, and not seek fame by imitating the tyrant.' Pursue relentlessly and crush the shorts!

I mentioned in my message on the 15th of this month that the probability of a bull market is higher at the moment. In the message two days ago, I continued to indicate that I remain optimistic about a bull market, and indeed we have seen a significant rise in the past two days.

Now BTC is ready to challenge its high point, and from a technical analysis perspective, it currently shows a very standard upward pattern, which is an excellent upward formation. Unlike the sharp surge on May 21, which was quite dangerous due to insufficient momentum, if a retracement occurs without stabilization, it can easily drop below previous lows.

ETH is still under observation, but we can see that BTC has been moving quite consistently; this is precisely the most perfect and simplest principle of technical analysis: continually breaking through previous highs and consistently surpassing previous lows. Additionally, other indicators have adjusted perfectly. Once a trend is established, it is difficult to change, and I am optimistic about BTC breaking new highs.

For those who really want to be like Soros and short the market, I suggest you find some altcoins with weak fundamentals to short (for example, don't short the DeFi series; although BTC may bleed when it rises, it is still a sign of a bull market. Altcoins are like brokerages in a bull market; shorting them is purely aiming for a small loss). Don't think about shorting BTC. Moreover, if there is a real downturn, those altcoins will drop more than BTC, and the profit margin will be larger.

Is there still hope for altcoins?

Bitcoin has been in significant fluctuation for half a year, consistently encountering strong support when it drops, yet it has struggled to break through the upside. However, at least Bitcoin is oscillating within a range, while many altcoins seem like dead dogs.

The new coins launched this year, such as ena and ethfi, which have a fundamental basis, are continuously breaking new lows. Many older coins that have experienced several bull markets have also dropped back to the starting points of this bull market. Even the so-called 'mother of altcoins' has returned to its price at the beginning of the year, leading one to wonder, is there still hope for altcoins?

I believe there is. Not from a technical analysis perspective; we cannot assess whether altcoins will rise based on technical analysis anymore, but only from the perspectives of trends and human behavior. As the saying goes, to make something perish, one must first let it go crazy. However, since the last bear market, altcoins have not gone crazy, whether they are new coins or old coins. The market makers are out to make a profit, even if the most discussed meme projects have only rallied for a few minutes or even seconds before going to zero; at least they did have a brief rise, after all, they need to find someone to take over at high positions. But have many altcoins broken through any high points?

Of course, this is regarding the overall trend of altcoins currently, but when it comes to specific coins, not all have the chance to rise again, especially some coins that were clearly created to ride on trends. Once the hype is over, the project teams make enough money and run away, and they get delisted from exchanges, leading to a significant decrease in liquidity. The chances of these coins making a comeback are very slim. However, precisely because of these reasons, when these coins have dropped to their lowest points, some may experience a 'dead cat bounce', but in the end, it is still a minority. One can view these as the endless stream of 'meme coins' in the current blockchain landscape, just with a slightly higher chance of success than your current attempts at meme coins.

Tonight's market can only be said to be too ruthless. There is no incremental capital entering the market. It is pure gambling. Now retail investors don't buy spot. VC coins are directly abandoned. They just use the money from the pig's feet rice to charge meme. It is not easy to cut meme with such a large amount of funds from institutions. The dog dealers can't find a place to make money in the spot market, so they come to blow up the contract. Both long and short positions are blown up. I just want to ask you if it is exciting. #BTC突破6W7 #加密市场急跌 $BTC $ETH $SOL

I haven't looked at the market for a long time. In the recent six months, the market has been volatile. Even if Livermore came, he would have to lose some points before he could leave. I took some funds to play the first level. Although it consumes energy, at least it is fun. I wanted to laugh when I saw some people's comments in the square yesterday. They opened short orders and held on to them, and then said in the square that the bull market has not come. The reason is that a slow bull market is a bull market, and a fast bull market is not a bull market. I think they are really confused. Can the rise yesterday be called a fast bull market? The big cake rose by five points, and the concubine rose by six points. You can still be credible if you say it is a rebound. Is this increase a fast bull market in the currency circle? I usually play gold. The increase of the A-share market was more severe than this some time ago. Why are you still talking nonsense here? Just close your position quickly.
Let's get back to the point. I don't know whether yesterday's market was bullish or just a rebound after falling too much. From a technical point of view, it seems that the probability of rising is higher, but we have to continue to see whether the big cake can break through and stabilize at 67,000, and whether it can stabilize at 2,800. If these two are achieved, then the probability of bullish is even greater. And even if the bull is really coming, it has fallen for half a year recently, and the adjustment time will definitely be very long. There is no need to rush to get on the train.
Finally, let me talk about the special features of yesterday's market. The most important point yesterday was the general rise. Those old cottages also rose a little. If you say that this is because retail investors bought a little bit of everything, I don't believe it. Retail investors are now frightened birds. Who will care about those old cottages? I personally guess that institutions have news and buy some to build a bottom position. $BTC $ETH