It's sad. The contract was not opened until it was washed out. However, the spot is fully loaded and can only be said to be still in the car.

I still feel that BTC is a scam, so be cautious when doing contracts recently#杰克逊霍尔年会 $BTC

The 4h K-line closed at , and the stop loss was exited below. It's really hard to do, sleep well at night. See if it continues to fluctuate

The bull flag has been established. The stop loss for long positions is set below the bull flag pattern.
Target 7w#MtGox钱包动态 $BTC

What's going on? DeFi revolution? #杰克逊霍尔年会 $ETH

The first trend shown above, if it breaks through the bull flag pattern, and the trading volume is greater than the average 30, there is a high probability that it will go to around 71,000 US dollars. The probability of the second trend that is biased towards the chart is relatively weak. #WBTC $BTC
Bulls can make a breakthrough order when the K-line confirms that it has broken through the upper line of the bullish trend. If both the volume and price have not confirmed the breakthrough, it is likely that the blue line trend I mentioned before will be followed.

The red line has already broken down and recovered. Personally, I tend to think that the second trend will continue to break down and break down the lower blue line.

There are probably two trends here. The blue line and the red line are both areas with dense long orders. There is a high probability that they will fall below their stop loss and then rise. I prefer the latter trend. $BTC

The second test is likely to happen next week. It is worth noting that the second test will not generate a large amount of trading volume, because the main purpose of the second test is to knock out the long orders at the bottom, so you can go long near the previous low point. Of course, if you think the bull market has died long ago, there is no need. At this time, it is a matter of buttocks $BTC

I closed my position and left, waiting for the second exploration. If there is spot, don't open a cover

ETH has closed with large volume

In order to avoid missing out, I opened 5,000 USD BTC
#美国政府转移BTC $BTC
Note: This is purely a personal behavior. You can only trust yourself in the trading market.

BTC is trending strongly, but if it falls without volume, everything will be in vain $BTC
Don’t buy at the bottom
At least wait for volume to increase before buying at the bottom. Remember this

The U.S. employment data in July was disturbed by the hurricane, and the real situation may not be as bad as the data released. A similar situation occurred in 2003. From June to August of that year, the United States encountered multiple strong hurricanes that made landfall. The "Sam Rule" was triggered for a time, but it was later proven that the economy did not decline. In addition, we sorted out and compared the performance of new non-agricultural employment when the "Sam Rule" was first triggered, and found that the current data is significantly better. This reflects the logic we have reminded many times before: a large number of illegal immigrants are flowing in. Income has caused a job crowding-out effect on residents of the United States, causing unemployment data to be distorted to a certain extent. In addition, high-frequency indicators also show that the U.S. economy and employment have not deteriorated significantly recently. For example: as of the end of July, the unemployment rate for people holding unemployment insurance remained at a low of 1.2%, and has not increased since the beginning of the year; the weekly economic index ( WEI ) was 2.0%, above the year-to-date average of 1.8%. Therefore, although the weakening employment situation in the United States is an objective fact, it is not yet enough to conclude that the U.S. economy has experienced a recession, and it is still necessary to observe the performance of more subsequent data.
This employment data has greatly intensified the market's recession concerns. Until this concern is falsified, market risk appetite remains risk-off, and "recession trading" will most likely continue. The baseline scenario is: global stock markets and commodities Other risk assets are under pressure, the U.S. dollar index and U.S. bond yields are falling, and gold is relatively strong. However, if subsequent data confirms that the economy is not in recession, asset prices are expected to undergo a sharp correction. $BTC
#美国7月非农就业增长放缓

The US triggered a recession warning similar to the black swan during the epidemic. It was due to objective reasons that funds began to sell US stocks for risk aversion and buy gold and bonds.
The Federal Reserve will start to print money and cut interest rates to stabilize the economy and boost the capital market. This will cause the principal protection funds to flow back to the stock market.
Comrades, we have come to the eve of dawn, and we are waiting. #美国7月非农就业增长放缓 $BTC

Suspected large number of sell orders appeared, the market continued to fall $BTC
$ETH

I bought some BTC spot last night $BTC
Short-term volatility is still the main trend, so I picked up relatively cheap chips

Grayscale's situation today, a new ETF application model for BTC is based on ETH's miniETH and charges 0.15%. It may start to flow back to buy BTC. #美国政府转移BTC $BTC
Looking at Ethereum, it is worth noting that it seems that only 60,000 were sold today, and usually around 100,000 were sold. In Grayscale's composition, there are 400,000 ethmini, and ethethe is about 2.1 million eth. It was originally 2.98 million, and half of it flowed out to 1.5 million. It is estimated that it will take more than a week at this rate. #美国以太坊现货ETF开始交易 $ETH

This is a poll of Pennsylvania, Wisconsin, and Michigan. These three are swing states with direct absolute results. The first two are currently tied, and Michigan has a win or loss.
So if these three swing states are still deadlocked, the US stock market will continue to fall before the election. Reviewing every time before the election, the US stock market has been falling in August and September. The reason is that uncertainty leads to capital withdrawal for risk aversion. After the election, no matter who is elected, the market will start to rise. As long as the polls can't tell who will win, the financial market will be like this. #美联储何时降息？ #美国政府转移BTC #拜登退选 $BTC

#比特币大会
In fact, I don’t really want to summarize the Bitcoin Conference, because old money doesn’t take Trump seriously at all, and a politician’s speech before he moves into the White House will not affect them at all.
And as I said before, good news is bad news, and what politicians promise may not necessarily come true, just like Trump’s wall, which was not repaired until he was ousted.
The following is a summary of the BTC Conference. If you like it, take a look, if you don’t like it, just quit.
Summary of Trump’s speech at the Bitcoin 2024 Conference
Main content
Bitcoin development:
Recognize Bitcoin’s innovative journey from anonymous ideas to becoming the world’s ninth largest asset.
Emphasize the United States’ leading position in technology, science, manufacturing, artificial intelligence, space, and energy, and position the United States as the center of Bitcoin and related innovations.
Bitcoin policy commitments:
Support the mining, minting, and manufacturing of Bitcoin in the United States.
Promise that if elected, the Biden/Harris administration’s anti-cryptocurrency campaign will be ended, Gary Gensler will be fired, and the “Chokepoint 2.0” operation will be shut down.
A presidential advisory committee on Bitcoin and cryptocurrency will be created to set fair rules.
Opposes central bank digital currencies (CBDCs) and supports the right to self-custody, freedom of trade, freedom of association and freedom of speech.
Supports US dollar stablecoins and global Bitcoin savings.
Economy and Bitcoin:
Believes that the current government's actions threaten the US dollar, and Bitcoin holders are more aware of the dangers of inflation.
Promises to turn the United States into the lowest-cost energy producer and supports Bitcoin mining.
Opposes the US government's sale of Bitcoin and establishes a strategic national Bitcoin reserve.
Other promises:
Commute the sentence of Silk Road founder Ross Ulbricht.
Become a president who supports innovation, Bitcoin and technology.
Reasons for the flat market reaction
Expectations have been digested:
When the Trump team confirmed its participation in the conference, the market had already reacted and prices rose slightly.
Most of the speech content was in line with expectations and lacked novelty.
Doubts about political promises:
The market remains skeptical of politicians' promises, focusing on "listening to their words and watching their actions."
Trump's previous negative attitude towards Bitcoin has aroused suspicion of policy changes.
Trump lacks a legal background, and many of his promises are difficult to implement, such as firing the chairman of the SEC. $BTC