It seems that the problem of the overall high market value of altcoins has been effectively solved in the past one or two months.

From a morphological point of view, Bitcoin shows a head and shoulders bottom pattern on the daily, three-day and weekly charts. As for whether the right shoulder can be effectively formed, it will take time to verify.

I personally look forward to the start of interest rate cuts and the positive impact of loose policies on the macro economy, so I am not particularly concerned about short-term fluctuations in this process.

Even if Bitcoin falls back to 40,000 (altcoins may fall more), there is no need to panic. The important thing is not to let floating losses turn into actual losses. Don't worry about your high cost. If the market experiences a big drop like 312 or 519 again, don't be frustrated that others can get lower chips. Remember that the dealer is more worried about retail investors getting cheap chips than you are. Therefore, at the real bottom, most retail investors may have lost all or been stuck. No matter when, there will always be someone with lower chips than you. Don't be obsessed with getting the lowest price yourself, which is impossible.

In addition, no matter what the market is like, there will always be people who make money and lose money. Don't compare with others. It is true that watching others make money is more uncomfortable than losing money, but there is no need to be so entangled. The comparison to be made is to compare with the majority of retail investors in the market. Only horizontal comparison can truly reflect the advantages and disadvantages.

In summary, the individual counterparty is the group of the entire market, so it is meaningful to compare with the majority of retail investors in the market.

The key point is: If the American people cannot obtain the funds printed by the government, you should not sell the currency in your hands. If the public has not seen that Bitcoin has reached 500,000 and rushed to enter the market, you should not sell the currency in your hands.