December 11th Shrimp Brother Morning Report

Every major rally relies on deep washes downward; blowing up most of the long positions allows for a better continuation of the next round of increase. Currently, the dealer has too concentrated chips in hand, so each blow is particularly severe. The shanzhai (copycat) has returned to the days it started two weeks ago, grinding down the mentality of retail investors. After earning and then losing, their emotions become more susceptible to FOMO, leading to mistakes and losses.

Bitcoin and Ethereum ETFs have been continuously flowing in; this is the only real data. Many people say that the drop in the past two days was due to the emergence of quantum computers, which is unrelated. Additionally, Microsoft has not passed the plan to purchase Bitcoin. Bill Gates originally intended to short Bitcoin, similar to shorting Tesla, creating a somewhat oppositional relationship. However, the pace of the times cannot be stopped by anyone; the longer the approval takes, the more it will increase the cost of buying. The dealer has also blown up what needs to be blown; now we wait for the pump.