Yesterday, Bitcoin continued to rise to around 92,000, and Ethereum went to around 3,130. After the U.S. stock market opened last night, it also went down, but Bitcoin only fell back to 87,800 and then continued to rise. This is the power of the trend, or the main force is not ready to retreat, so the price continues to be maintained at a high level. However, based on past experience, this divergent trend will follow sooner or later. Therefore, we cannot blindly continue to chase the rise, especially for varieties that have already risen a lot. We can appropriately take profits. Before BTC sprints to 100,000 US dollars, I personally expect it to at least fall back.
At present, the Fear and Greed Index is also at a relatively high level. The last time it happened was when Bitcoin peaked at 73,700 in March. Therefore, we should still pay attention to risk aversion! It is more appropriate to wait for a pullback to make a layout, just like yesterday's early trading decline. That is the time to make a layout, rather than waiting for Bitcoin to rise above 90,000 again before chasing.
It is always easy for people to fall when things are going well for them. From my personal experience of participating in the market, every time I make a lot of money, I will always face a big retracement on the second or third day. For example, if the daily goal is to make 100 yuan, and you get a surprising bonus on the same day and make 500 or even more, then you have to be careful, learn to control your greed, reduce your position to participate in the market, and never try to make the last penny!
This morning, the market once again welcomed a big melon:
The on-chain trading terminal DEXX was attacked, and many users confirmed that their funds were transferred. The scope of this attack is not limited to the Ethereum chain, and the transferred assets are not limited to mainstream currencies.
According to reports from many netizens, the stolen amount is real, so it is estimated that at least millions of US dollars have been stolen. Blockchain security company SlowMist said in a statement that based on data submitted by community users, we calculated that the loss of DEXX theft amounted to millions of US dollars, and these funds are currently scattered among multiple different hacker addresses.
The rumor that "DEXX users have been stolen a total of 488 million US dollars" is false. SlowMist founder Yu Xian said that the corresponding hacker addresses are different and the stolen funds will not be concentrated in one address. This is also another large-scale private key attack after MtGox!
No matter how good the tools are or how big the exchanges are, there are always risks of theft or bankruptcy. When OKX assets became Happy Beans and could not be withdrawn for nearly two months, I, who have been in the industry for many years, have realized that eggs should not be put in one basket. Currently, I mainly use An and Ouyi. If there are problems with these two, what is the point? So you must be cautious when facing the funds and tools on the chain, be cautious!
Regarding the theft of DEXX, it may be affected by bitcat last night. Although most tools are difficult to complete transactions, DEXX is more affected. People began to say "no more DEXX". The technical staff found that funds were flowing out after looking at the background data, so they decided to take action in advance. It is not ruled out that theft was committed by the insiders. In the currency circle, you must pay attention to the safety of your funds! Protect your bullets!
Analyze the key points of these two days and next week:
1: Next week, Nvidia will release its financial report in advance, and the AI sectors Render, Arkm, and fet should rise!
2: Zhu Su re-bought ETH and SOL at $3090 and $211. Currently the small cycle has not stabilized, so try to wait until it stabilizes before buying.
3: The speech of the Governor of the Bank of Japan has attracted attention. The possibility of a rate hike in December is 53%, which increases the risks in December.
4: At 4 a.m., Powell spoke and said that there was no need to cut interest rates in the near future, and the market plunged.
5: GSR Markets may become a market maker for TAI, and it received 5 million TAI yesterday.
6: There is still one month until Christmas. In the past, there was a wave of adjustments around Christmas, which means there will be adjustments in late December.
7: ETFs saw their first outflows since Trump won the presidential election on November 5.
8: The next three time points in December will drive Btc up.
1: Microstrategy is included in the S&P 500 index.
2: Microsoft will review Bitcoin investment proposals.
3: FASB's new rules come into effect, allowing companies to measure.
If the altcoins continue to be sluggish, you can selectively continue to increase your positions instead of chasing PEPE PNUT and so on. Looking back at the altcoins that others entered at low positions, you will not feel the same way as others.
Since it is a bull market, rotation is inevitable. After several rounds of bull and bear baptisms, the strategy for this round is not to move easily in a bull market. Don't fomo when you see a surge, and don't be discouraged when you see your market lying flat. Move quickly, and if you really can't move, then consider changing positions.
Don't think about making all the money, and don't always think about waves. You should be realistic about the market. Don't always think about making money from all the rotating sectors. In the end, it is easy to lose money due to the waves and make nothing.
In this round of super bull market, everything has just begun.
Macro
There are two good news from the US. One is that Trump intends to appoint Summer Mersinger, who is more friendly to the crypto market, as the director of the Commodity Futures Trading Commission. If she is finally appointed, the symbolic significance for the crypto market will be extremely huge.
The second is that Republican lawmakers in the United States proposed selling part of the Federal Reserve's gold and purchasing Bitcoin instead, and incorporating it into the national strategic reserve plan, with the number being 1 million.
The logic and significance of these two pieces of news are the same. Whether it is the inauguration of a crypto-friendly person or the strategic reserve of 1 million bitcoins, both will provide a firm political foundation for the long-term favorable development of the crypto market during Trump’s next four-year term. The volume of 1 million bitcoins is not large, and a large institution may far exceed this data, but it is the U.S. Congress that buys it, so the influence is different!
The rise in the general direction will not affect the decline at a small level, and the decline at a small level will not change the fundamentals of the general direction. We can regard this period of market as the transition of the spillover of big-money funds to the later relay of small currencies. After the adjustment, new copycat market will begin one after another, so just be prepared.
