September 23, 2024

It's the opposite. The market trend these days seems to be the opposite. In the past, Bitcoin followed the decline but not the rise. In the past few days, Bitcoin fell slightly, while the copycats fell slightly; Bitcoin rose slightly, while the copycats rose sharply. I saw that Bitcoin's price is still below the pressure level of 65,000, but some copycats have broken through the recent highs again and again, and the growth list is the same every day. Of course, as long as 65,000 cannot be broken, these copycat performances are only temporary, so if your own position happens to be soaring, it feels good to run away first.

As for whether it can break through, I can only say that this is a strong pressure, and it is difficult to break through. But looking at the situation of the copycat, in the few days after 8-5, the main force has collected enough chips, and is more confident in the subsequent market, so the bottom of that wave of bottom-fishing is basically verified. In the short term, the upward trend is still there, which is undeniable, although my bottom-fishing copycat has been sold out a bit today. But in fact, I am not worried about continuing to fly, firstly, I have a position, and secondly, there are many opportunities to make money in a good market. In the next few days, the new BN Launchpool can get some income.

In addition, many people have noticed that U has recently experienced a negative premium, which is a bit unusual. You know, the positive premium of U has been going on for a long time. As for the reason, I haven't seen any definite explanation. If we just look at it from the market logic, there are more people selling U, so why are there so many U in the market suddenly? A more reliable guess is that the recent US dollar interest rate cut has caused funds to flow back through U. If this is the case, it has nothing to do with the market, but historical experience seems to show that the negative premium of U is a signal of rising market conditions.

Anyway, we still need to defend the mid-term market, which is generally 1-3 months. We cannot rule out the possibility that the market will rise directly if the defense fails. Because I know that many people did not buy the bottom when the market fell before, because they had no money or were afraid, so they did not take advantage of this wave. In this last period of time, the risk is not small, so it is okay to keep some preparations. In the short term, if the market breaks through, we will have to go to the next level, and then we will make targeted operations.

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