There is some interesting news in the cryptocurrency circle today. Tether, the liquidity leader of blockchain, announced that its cash reserves have been reduced in order to reduce the risk of relying on commercial banks. This is shocking. It shows that in the eyes of the big guys, cash has become less safe. This is different from the inflation that we ordinary people hate. Tether's competitor is U-S-D-C. It was criticized by everyone in SVB and severely damaged its reserve credit. I believe that Tether is not worried about a certain bank causing him to suffer losses. He is more worried that everyone will think that your money is in a bank that has collapsed. How can I dare to use your stablecoin with your trading ability?

This reminds me of a very interesting analogy. When a person tells you that he has done something that has destroyed your worldview, it is not because he feels that he can share his secret with you, but most likely because he feels that this thing is normal in his worldview. It is just that your worldviews are not compatible...

What Taida is worried about is that he did something that made you lower his rating, which is much more serious than how much money he lost in this matter. You will mistake Taida for a fool because he was hurt by a fool, which is troublesome. Just like the goddess rejected you and turned around to find a man who is far inferior to you in every aspect and flirts with him every day, you can be angry and say that I am not as good as him! Or you can just say lightly, fortunately I missed a blind person... Taida wants to be a real goddess. After all, he is worth tens of billions of dollars and is the first love of most people and the tutor for admission (is this metaphor correct?). To be a goddess forever, then it is better to be single than to have a tryst with some greasy local boss. If the local boss really goes bankrupt one day, it will not affect his status in the world. This is the most important thing.

In the short term, BTC will continue to focus on the 30,000 pressure level, and protection and stop loss operations should be carried out around 31,000

ETH continues to see pressure at 2000, and cash cover can be done around 1700 below. It is not recommended to continue to increase the position of option sellers

Finally, let’s talk about yesterday’s market

The four major markets all closed slightly positive. This is the only good news in so many days. I carefully looked at the Bollinger Bands of the major indexes. Basically, they made a small effective support near the lower and middle tracks of the daily line. In other words, they did not enter the watershed between bull and bear markets. For the time being, it can only be said to be a rebound from oversold prices for a period of time. It is difficult to make a new judgment. But overall, the momentum for the rise is still very insufficient.

There is a term called Davis Double Kill. When a company's performance declines, its earnings per share decrease or falls, the market's valuation also decreases, and the stock price falls by multiples. This is called Davis Double Kill.

To sum it up briefly, it is actually the reality and the ideal that have hammered you down. You thought the goddess was really beautiful, but when you saw her bare face and her medical beauty bills, you suddenly found that not only was her financial situation very bad, but you also had doubts about whether she was born beautiful, and your expectations of her dropped 273 degrees in an instant. (You can think of this as a popular version of Long Xin's down-and-out goddess double kill. Glossary)

This is the current market situation. No one knows how companies are doing under high interest rates. Although the financial reports are okay, if the real situation is really great, why would shareholders rush to vote for buybacks instead of expanding production? It's like a goddess made a lot of money but didn't buy a car or a house, but instead increased her holdings of hyaluronic acid and botulinum toxin?

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