Morning opens my eyes - welcoming me again is the waterfall washing my eyes, a liquidation of 680 million, this is clearly a bloody massacre!
Our cohort of retail investors is really hellishly difficult! The coins that skyrocketed are those I couldn't board, the ones that fell are those I fully leveraged, and the ones that got liquidated are those I just opened leverage on! Stay steady! The drop is for a better rise, we need to find our own rhythm and locate quality targets.
Most of the gains in the crypto circle are concentrated in a few months, and the rises in those months are concentrated in a few days. Most of Bitcoin's gains each year occur within just 10 days. If we exclude the 10 best-performing days of the year, Bitcoin actually has negative returns.
This situation is even more pronounced in altcoins! So, during a downturn, don't be afraid, stay steady, and then wait! All waiting is just for these crucial days in the future. Most are in the crypto circle during garbage time, and one must know that patience is something more precious than gold.
Bitcoin plummeted below $100,000, hitting a low of $98,802.
Federal Reserve Chairman Powell made a surprising statement, emphasizing that the Federal Reserve has no intention of participating in any government accumulating large amounts of Bitcoin.
The Federal Reserve cut interest rates by 25 basis points, but the 2025 interest rate forecast unexpectedly set at 3.9%, exceeding the 3.4% expectation, 'hawkish rate cuts' suppressed cryptocurrency buying.
Around 3 a.m. on the 19th, Federal Reserve Chairman Powell: (When asked about Bitcoin reserves) We are not allowed to own Bitcoin, nor do we wish to change the law.
Once this news broke, $BTC nearly crashed below $100,000 within an hour, and other altcoins were in despair, even $DOGE fell by 10 points.
This massive drop is largely due to friction regarding cryptocurrency from several departments in the U.S.; on a smaller scale, it might be that some institutions are deliberately shorting, using news to crash the market for high profits.
Recently, the overall market enthusiasm has been too high. If nothing unexpected happens; this time, the market, taking advantage of the knife handed over by Powell, should be completing the most brutal cleansing before the altcoin bull market.
The Bank of Japan did not raise interest rates, maintaining a rate of 0.25%, while Bitcoin stands back at $100,000.
The Bank of Japan announced its latest interest rate decision earlier, deciding to keep the short-term policy rate at 0.25%.
This morning, the Federal Reserve announced a 25 basis point rate cut, and investors closely monitored the Bank of Japan's latest interest rate decision. Just a little earlier, close to 11 o'clock, the Bank of Japan announced to keep the interest rate unchanged, with officials voting 8 in favor and 1 against, deciding to maintain the short-term policy rate at 0.25%.
Perhaps the crisis of yen arbitrage closure has been relieved, Bitcoin rebounded from an earlier low of $98,800 to stand back at $100,000.
When encountering such significant information, a few points:
1. The proportion of low long position and pending orders should not exceed 15% of the account's funds;
2. Set a breakeven loss for positions in floating profit immediately to prevent the profit target from being unreachable and possibly turning floating profit into floating loss due to negative news.
3. If it breaks the defensive point, reduce the position to guarantee 10-15% of the margin, allowing for a lower price to average down. Some people think about loss when slightly trapped in a low long position, which is the worst strategy.
If it were previous downturns, I would have aggressively reminded everyone that this is an opportunity. But looking at $100,000 Bitcoin, $200 SOL, and $700 BNB... this position is really contradictory, and in this kind of market, it's completely inscrutable and carries certain risks. In the end, I can only say that both risk and opportunity are equally large here.
