August 28, 2023 Grandpa checks in

I thought today would be a day for all stockholders to sing and dance. Last night, several major favorable combinations were released, including a 50% reduction in stamp duty, new rules for shareholders to reduce their holdings, slowing down IPOs and optimizing financing. There have been several cases of stamp duty reduction in history, and basically there have been several consecutive days of rises. In addition, a series of favorable news was released last night, and the purpose was obviously to boost the stock market. Therefore, there is reason to believe that today's market will be strong enough. In fact, this is indeed the case. In the morning, more than 50 securities companies hit the daily limit, but the follow-up was weak, and northbound funds fled seriously. The market opened high and closed low. It only rose by about 1 point at the close, far below market expectations.

There is nothing wrong with operating according to historical data, but the market cannot be accurately predicted. You should look at each time independently and rationally. If you go all-in with leverage this time, you are gone. On the contrary, even if you operate with a heavy position, as long as the funds are not under too much pressure, there is still a high probability of making money. After all, the policy bottom of this set of combined punches is already very obvious. Generally speaking, the policy bottom is basically impossible to be the market bottom, but it is often close, at least in terms of time cycle. Therefore, for A-shares, if there is an opportunity to kill the low in the second half of the year, I will also participate moderately.

The same is true for the B circle. The recent market is very sluggish compared to the previous few months. The prices of the big and small cakes are sideways, and the volatility is shockingly low. Correspondingly, not many people are interested in it, and there are only some local market fluctuations. All signs show that the current bear market is in a state, and for some valuable coins with a relatively high cost performance, when the price and market value fall to a certain level, it is the best time to build a position. However, like the big A, we can judge the bear market cycle and the periodic low point of the bear market, but we certainly cannot judge the absolute low point, and no one can do it.

As for how this range will go, it is still unclear at present. While doing narrow movements, there are occasional small breakthroughs. Judging from the current situation, the support obtained after going down will be stronger. In addition, there will be potential buying in the short term at the price of 25,000, so I will tend to be more bullish at the moment. In terms of operation, there are small positions every day, but it is not completely dependent on judgment. Instead, many mainstream coins have reached the previous low, and the big cake will have strong support if it goes down, so there is a chance to form a double bottom pattern at the daily level.

Thank you for your attention and likes.