The market is picking up.
Will it continue to touch the high and then fall back or break through directly? No one knows, and no one can predict the short-term market.
However, the market has now reached a stage where it can start at any time.
I have clearly told you all about this in Circle Thirteen. By building positions according to Circle Thirteen’s method until now, everyone has a lot of chips in their hands. Please hold them firmly and never throw them away, no matter what the reason.
Again, don’t be afraid of a market pullback, as it only gives us the opportunity to buy at the bottom.

Of course, there are still many people who choose to short at high levels. I don’t quite agree with this. It is true that there is pressure when the market reaches the 64,000 level, but it is not a reason for you to short.

The CPI data is out.
Every time before this data is released, it will cause huge discussion in the cryptocurrency circle, as if this data directly determines the life and death of the cryptocurrency circle.

In fact, these data do have a certain impact in the short term, but in most cases, they are just data beautified according to the will of the ruling class.
We can use these data as a reference, but we must not make investment decisions based on them.

We should take a long-term view and not pay too much attention to these petty data. If you pay too much attention, you will continue to follow the path they designed, and the path they designed is a road of no return for retail investors.

Today's A-shares plummeted, and the market was in wailing.
What Shisan said in his article yesterday accidentally came true, especially when many friends switched from the cryptocurrency circle to the A-share market, but they were disappointed.
When the A-share market was surging during this period, many people tried to persuade Shisan to switch to the A-share market. Shisan refused without hesitation because he knew very well that this was a trap.

Investing in cryptocurrency and investing in A-shares are two completely different investment systems, and the investment methods and experiences are completely different.
In the cryptocurrency world, we may be controlled by the market makers, but in the stock market, we are also manipulated by listed companies and we will definitely not make any money.

The recent surge in the A-share market has made the cryptocurrency market the target of ridicule by many "leeks".
Looking at the stock market rising by more than 10 points, and then looking at the rise and fall of Bitcoin by 1~2 points, it is indeed quite miserable.
Many investors couldn't help but sell their cryptocurrency chips and entered the stock market, ready to make a fortune.

As a result, I learned a profound lesson today. Many people took over at high prices, and in the next wave of correction, they felt a different kind of fear, as if the whole world was against you, and you would lose money on any investment, and the price fell right after you bought. Why?

​Generally speaking, the current market trend is relatively smooth.
It is difficult to see the trend at present. The market is under great pressure at this point. How will it go in the future? There are many interpretations in the market, but you'd better not believe any of them.
Don't act according to their suggestions.
The market is now in a period of long-short balance, and needs a positive or negative stimulus to break the current state.

Therefore, various technical analyses are actually useless.

In particular, many people, in order to highlight their extensive knowledge, list more than a dozen technical analysis indicators, which confuses anyone who sees them.

The number of first-time unemployment benefit claims came out today, slightly lower than expected, which can be seen as positive.
However, this positive news will not stimulate the current market much, and the shock cycle is expected to continue for some time. It will take at least until October for a new wave of market to start.
The current market fluctuations are very small, basically fluctuating between 63,000 and 66,000. Many people like to repeatedly arbitrage in this range.
Small investors can try it, but major positions must not do these meaningless things.

The volatility is very small, and the money-making effect is very low. Even if you do it right, you won’t make much. It’s better to take a good rest and do spot trading honestly.

Investing in cryptocurrency is a technical job.
Although it seems calm, there are turbulent waves behind it. The greed and stupidity of human nature are played out here, making a group of retail investors the targets of harvesting by a few people.

I know that, from a probability perspective, there is more than an 80% chance that I will lose money if I make a high-risk investment.

But we still enjoy it.
Looking back, the price of Bitcoin has risen from a few hundred yuan to a maximum of over 600,000 yuan. If we had bought it and done nothing in the past ten years, would we be financially free now?

But almost no one can hold on for ten years without moving. The rise and fall of the market tugs at our hearts.

Yesterday, Shisan said in his article that it would be difficult for the market to fall below 63,000. This judgment is basically correct today. Although the market briefly fell to around 62,705, in general, most of it is above 63,000.
However, some people kept holding on to this and said that my prediction was wrong.
Thirteen, we must try to clarify that predictions about future market conditions are inherently risky and inaccurate. Any event in the cryptocurrency circle can change the trend of the market.

Thirteen's judgment is based on his own cognition. Not to mention that it is accurate most of the time, even if the market plummets for some reason, it is also a normal phenomenon.

Yesterday, Shisan said in his article that it would be difficult for the market to fall below 63,000. This judgment is basically correct today. Although the market briefly fell to around 62,705, in general, most of it is above 63,000.
However, some people kept holding on to this and said that my prediction was wrong.
Thirteen, we must try to clarify that predictions about future market conditions are inherently risky and inaccurate. Any event in the cryptocurrency circle can change the trend of the market.

Thirteen's judgment is based on his own cognition. Not to mention that it is accurate most of the time, even if the market plummets for some reason, it is also a normal phenomenon.

The market has been rising recently.
In particular, Ethereum performed very well, and the increase was also within expectations. After all, this round of market conditions was suppressed too severely.
Investors in the market have generally lost patience with Ethereum, believing that Ethereum is garbage and regretting investing in Ethereum.

But everyone has forgotten, who brought prosperity to the entire cryptocurrency world?

Who brought us smart contracts?
Who brought decentralized finance (Defi) to the cryptocurrency world?

Who brought NFT to the cryptocurrency world?

...

Which of these is not a groundbreaking innovation? Each of them has played a major role in promoting the bull market of cryptocurrencies.

After the interest rate cut, the market has been rising for two consecutive days and has basically returned to its previous second highest point.
Many people's orders that were about to die were revived, the market was peaceful, and everyone's long-lost enthusiasm was slowly returning.

But some are happy while others are sad.

Some people started to make money, but some people misjudged the direction and opened high-multiple short orders, and are now on the verge of a margin call.

For every friend who enters the Thirteen Circles, I basically tell him the Thirteen Circles’ investment style. It is not recommended to open a contract before the trend emerges.

The much-anticipated interest rate cut is finally out.
The Federal Reserve cut interest rates by 50 basis points. Bitcoin has remained above 62,000 for most of today, and Ethereum has also stood above 2,400.

50 basis points. Shisan clearly stated in his article yesterday that 50 basis points is good news and the market is likely to be upward.

Because the market has not had time to fully digest the 50 basis points, if it was 25 basis points, the market might not have changed much.

However, Fed Chairman Powell later said that the Fed could speed up, slow down, or even suspend rate cuts if appropriate. He also said that the Fed has not declared that inflation has been brought under control.

The Mid-Autumn Festival has passed, and I haven’t updated any articles in the past few days. I took this opportunity to give myself a holiday.
If you ask me if I have adjusted my state, the answer is of course no. It is easy to go from frugality to extravagance, but difficult to go from extravagance to frugality. I was very happy when I was having fun, but when I got back to writing, I started scratching my head again.

But now the condition is much better than before. This is Thirteen's job and he must stick to it.
Today is a very important day. Each of us should remember this history. We really have no right to forgive the invaders on behalf of our ancestors.

Talk about the market directly.

Today, Bitcoin has completely reached 58,000. Thirteen said in previous articles that Bitcoin has a high probability of going up. 55,000 is a good entry point, and it can directly reach 58,000.
Now it has stabilized at 58,000, how will the market develop next?
Thirteen believes that this market situation may be the place where the upward channel opens.

Of course, the market may continue to decline, but it is unlikely to fall below 55,000.
Last night’s CPI data was positive, so tonight’s PPI, regardless of whether it is bullish or bearish, will not have much impact on the market.

The Chinese national football team lost again today. It can be said that they are rotten from head to toe and there is no hope at all.
11 people fighting against 10 people were actually suppressed the whole time, just like Sun Tzu.

Many people say that the head coach should be fired, and he must be fired. Although the coach's ability to respond is indeed not strong, with the Chinese national football team's bunch of small fry, even Black Myth's Wukong would not be able to stop him.
Lippi, a world-class coach, finally saw the Chinese national football team was a bunch of losers and would rather give up his high salary and resign resolutely. This is not the coach's problem at all.

Just look at the Chinese national football team, they can't even pass the ball normally, they just head the ball, kick the ball, and pass the ball randomly...

Today the market is above 55000.
Many friends are getting excited again, but in the short term the market is still in a downward cycle.

The pressure above 56,000~57,000 is still very large. Once this position is touched, it is possible that the bears will regain the upper hand.

Judging from the stock of cryptocurrencies on exchanges, it is increasing. The increase means an increase in short-term downside risk. After all, if it is not sold to avoid bear market risks, it will never be withdrawn to the exchange.

Therefore, it is unlikely that the market will directly break through in the short term.

However, the increase in chips in the exchange means that market activity is also increasing. For coin hoarders like Thirteen, there will be a lot of cheap chips on the market for me to choose from.

Shit market.
The U.S. stock market plummeted as soon as it opened, which directly affected the cryptocurrency circle. Bitcoin was directly hit to the beginning of 54, and the possibility of continuing to fall is very high.
There is actually nothing to analyze in this market.
No matter how you analyze it, it's all nonsense. Today, Zeneca, the founder of ZenAcademy and The 333 Club, posted on the X platform that Bitcoin may fall to 18,000, and Sol will fall to 28...

After reading the original text carefully, I found that he just stated the result directly without any analytical basis.

Although this kind of person has resources and status, he must have a black heart.

The small non-farm payrolls data came out, along with the new number of people applying for relief benefits, both of which are considered good news. ​​
In response to this positive news, we have already come up with corresponding operational strategies internally.
In the short term, the market will fluctuate widely in this range. The strength of the bears has now been almost absorbed, and now the bulls and bears maintain a delicate balance.
The current price range is very suitable for bargain hunting. Those who have positions can sell high and buy low to lower their position costs.

Friends who don’t have a position must not miss this current position.

I feel rather heavy-hearted today. Although I am full of confidence in the future, facing the panic in the market, I feel heavy-hearted too.
If I were the only one, I would be very relaxed now. No matter how much the market falls, it will basically go back up by the end of the year.

I am not worried about the market.
But many friends in the circle can’t bear it anymore. We received a lot of private messages today, all complaining to me. Shisan can only recharge his faith in him.
Every word Thirteen said is true. Although it sounds like chicken soup, Thirteen has experienced the same situation in previous bull and bear cycles, and it was even more desperate than this time.

It started falling again.
The U.S. stock market continued to fall after opening, and the cryptocurrency market was also affected, and now it has fallen below 58,000.
With this trend, short-term investors are in hell and suffering terribly.

Of course, bloggers like Shisan also have a hard time. I am a long-term investor and I really don’t want to look at the short-term market conditions, but there is no way. If I want to output content, I must receive various cryptocurrency information every day.
Several big brothers in the circle now hardly look at the market and just buy and hold on.

They are happy because the market will inevitably have ups and downs on the way to six digits. If we can stand from a God's perspective, we will find that these ups and downs will eliminate most people.