As the U.S. Securities and Exchange Commission (SEC) approves the listing and trading of Bitcoin ETF options

In this way, Bitcoin will more quickly extend its unique price and narrative support through its own attributes. For example, the gold attribute and the technology attribute correspond to different risk preferences. Many "labor-saving" "pseudo-rules" will be broken, such as Bitcoin following the US stock market, breaking the dollar cycle rate.

Similarly, it is also a key turning point for traders to reshape the logic of Bitcoin trading. The investment framework needs to be adjusted in time with important moments.

In short, what will change after this passage?

1. When the U.S. stock market encounters a black swan/panic, you no longer have to sell ETFs directly, but can choose to buy put options for hedging, thereby enriching the original liquidity and reducing selling pressure to some extent.

2. This will be a big step forward for the Crypto market, no less than the launch of contract trading by exchanges. Originally there was only spot trading, but now there is better hedging. BTC has officially become a commodity that can be traded long and short in the regulated market.

3. "Deribit trading is still too complicated and has not been widely used. CME futures require more active management (monitoring)" Hedging positions is too troublesome, and now Bitcoin has ushered in a truly large regulated market, which greatly accommodates liquidity, which means that "the synthetic notional exposure of Bitcoin can be multiplied" (i.e. the face value of the option), which will greatly amplify leverage and liquidity.

4. After this launch, the 2x and 3x long BTC ETFs will be approved faster in the future

5. Due to the constraints of the regulated market, the large fluctuations of BTC may be suppressed, and people will no longer have to worry too much about the risk of a market crash.

Altcoins are probably going to get better soon

Each cycle generally consists of four main phases: accumulation, uptrend, distribution, and downtrend. Each phase has its own unique characteristics that influence market behavior and shape investment strategies.

We are about to enter an upward trend phase, driven by the following key factors

➢The upcoming US election

➢ Interest rate cut

➢Global ETF adoption

➢ FTX expenditures

Historically, the fourth quarter has always been the best time for cryptocurrencies, and there is a good chance we will see a similar trend this year.

I feel that the turning point will also begin to appear in the second half of the year. Now BTC has reached 64K. If it continues to rise at this rate for a few more days, it will soon reach its previous high.

In the past, the decline of copycats was largely affected by the overall financial environment. In reality, VCs in many industries are struggling, and a large number of them have switched to investment. The pressure has been transmitted to cryptocurrencies layer by layer. Then, funds will flow back, VCs will start to improve, and money will slowly come in.

However, knowing these things is really not very useful for making money. I think everyone should sort out their own thoughts, especially those who have been losing money in cryptocurrency trading for many years. They should think about where the problem is and change their mindset.

The market is unpredictable in the short term, which means that there is no way to buy at the lowest price. Old investors should have experienced the 312 in 20 years, which plunged 40% and could still plunge 40%; similarly, there is no way to escape the top, which rose 3 times and could rise 3 times again.

Many people only do one-time transactions, and they buy with full positions every time, and then set stop loss and take profit lines. Think about it, is it useful? Buy Bitcoin at 30K, stop loss 20%, and then it drops to 15K and then rises to 70K. What is the meaning of your stop loss...

I can’t buy low because I always think in terms of all-in every time I open a position, so I worry that the price will fall as soon as I buy. And because I can’t buy low, I can never get a bigger multiple.

Because of the all-in mentality, I always have a full position, with no room for error in my pocket. The pressure of the position is great, and I am forced to watch the market every day and find all kinds of news to comfort myself. The more I watch, the more panicked and scared I become. Either I sell my stocks quickly while I have less losses, or I run away as soon as I get out of the trap.

This is fucking money..