Cryptocurrency prices maintained a consolidation trend on Wednesday (July 19), with the lull in major developments providing traders with time to reassess the state of their portfolios and rebalance their positions accordingly.

Stocks extended their winning streak as better-than-expected earnings data continued to come out, bolstering investor optimism that the U.S. economy is getting back on track after years of struggling with the coronavirus pandemic and rising inflation. At the close, the S&P, Dow Jones and Nasdaq were up 0.24%, 0.31% and 0.03% respectively.

After a stunning performance in the first half of 2023, Bitcoin’s price appears to have stalled, trapped between $29,000 and $31,500.

There is reason to believe that in the short term, the price of Bitcoin will tend to trade sideways or fall. This article can be based on three factors, two of which involve technical analysis and the third on fundamentals.

Bitcoin price resistance holds firm at $32,000

Capriole Investments founder Charles Edwards recently issued a market update in which he noted Bitcoin’s failure to break through significant resistance at the $31,000 to $32,000 levels:

Many new people in the currency circle ask me, why can’t I always buy at the lowest point or sell at the highest point? As a veteran of the currency circle for 7 years, I can tell you a fact: 90% of people who buy the lowest price do so on the mountainside. After the goods are shipped, they beat their chests and regret selling too early!

You can't sell at the highest point because you can't tell when the highest point is. Playing with coins means "going with the flow". It is not difficult to chase long when the currency price is rising, but if you want to sell during the rising trend, you are optimistic that the currency price will reach the highest point and start to fall in the next second. This is a counter-trend operation and is very difficult.

After Bitcoin fell below 30,000 US dollars in the early morning, many people called for a big waterfall, but when they woke up, they were back to yesterday's point. The fact now is that the liquidity is too poor, which can easily lead to sharp rises and plummets. This truth has become more and more obvious. More and more friends understand it, but they still need to know the underlying logic.

The reason why BTC is currently maintained above 30,000 US dollars is because of the BTC spot ETF (trust) applied by BlackPock (BlackRock). Not only are we paying attention to this thing, but Wall Street is also paying attention, although everyone knows that the SEC may not give it a try in the short term. However, we are still paying attention to the sentiment aspect, and there will probably be relevant news every once in a while, which keeps investors' sentiment at a level that is almost optimistic.

Quantitative trading is a method that uses computer algorithms and mathematical models to make investment decisions. It determines the timing and types of buying or selling through the analysis and prediction of market data. In today's financial market, quantitative trading has become an indispensable investment method. This article will introduce five famous quantitative trading masters who have achieved amazing returns in the financial market through their own algorithms and models.

The first quantitative trading guru was James Simmons. He is the founder of Renaissance Technologies, a company known for its highly secretive quantitative investment algorithms. Renaissance Technologies has reportedly averaged returns of over 35% over the past few decades. Simons' success is due to his profound mathematics and investment skills. He was a famous mathematician before founding Renaissance Technology.

The 100,000 U will definitely arrive. This time will not be too long, only 1-2 years.

This is not what I call random conjecture, but an inference based on facts.

Whether the currency rises or not, that is a matter of whether funds can come in.

Whether funds can come in depends on whether there are profits to be made.

Is Bitcoin profitable? Of course it is. Its story is too grand. It wants to be the world's first bank, the world's first financial technology company, and it is a company that does not lend money but only keeps accounts and is unsupervised and will never be bankrupt. Ray's World Bank.

The success of Bitcoin has proven the feasibility of blockchain technology. If blockchain technology is feasible, it will promote the development of this industry.

Use data to illustrate the trend of this round of bear market

The main points are as follows:

1. During 2017-2018, most projects were carried out by financing ETH, which significantly reduced the circulation of ETH, so the value spiraled upward. However, with the advent of the bear market, project parties had to sell ETH to pay various fees, which led to a downward spiral in the price of ETH.

2. During 2020-2022, people began to be more practical and financing began to rely more on stablecoins to avoid losses in market fluctuations.

What is risk management?

Risk management is one of the relatively important topics you will read about trading. Why is it important? In the trading industry, we must learn how to manage risk (potential loss).

Ironically, this is one of the most overlooked areas of trading.

Many traders are simply eager to enter a trade without considering their total account size.

They simply determine how much they can afford to lose on a trade and press the "trade" button.

There's a term for this type of trading...it's called...Gamble!

Why transactions are difficult to succeed is determined by the characteristics of transactions. Within a certain range and with limited resources, it is common knowledge that transactions are a loser's game, or a negative-sum game. So if you want to make consistent profits, it’s like taking money directly from other people’s pockets during the day. Do you think it’s difficult?

Since we know that it is a loser's game, then to find profits in the loser's game is to make as few mistakes as possible, which can usually be described as self-discipline. Or if the target you are observing is a winner's game in a specific period, then try to do the right things (for example, China The stock index is rising on a large scale. Because there is a win-win situation, it is a winner's game on a large scale. Without any leverage, it is appropriate to buy at a relatively low level and continue to buy. In a large period of time, On a scale, it is quite possible to earn an average income);

Whether it is trading or gambling, if you make a profit as soon as you enter the door, and make a substantial profit, some people call it "novice luck", but I prefer to call it "MG luck", because if money comes too fast and easy, some people will not. People with self-control will become lost, their view of money will be distorted, they will no longer look down on small money, and they will start to trade heavily, and they will enter a vicious cycle of losses.

An important lesson to learn before entering the financial market is risk expectations.

You can ask yourself, how much money do you want to make from trading? Is your goal to increase the value of your assets, or to use small things to make big things happen?

The reason is the loss of balance between profit and loss.

When it comes to profits, we cannot be greedy and miss a good opportunity to take profits.

However, it is also not supported to close the position immediately as soon as profits begin. Anyone who is familiar with the market will not do this kind of thing without any basis. In the final analysis, it is caused by the fear of losing money.

Profit closing needs to be combined with the market trend.

On the other hand, many people hold the opposite attitude when it comes to losing money. There is no intention to close the position even if you lose tens or hundreds of dollars. As soon as people touch the edge of loss, they will arouse a kind of luck mentality. They expect a wave of rising prices to take back part of the loss, but turn a blind eye to the gradually increasing losses, resulting in irreparable losses. loss.

It is still very difficult to achieve the unity of knowledge and action in trading.

1. The difficulty lies in “knowledge”

I remember reading in a book that it takes about ten years to make a profit in the market, and you need to go through several bulls and bears.

When I saw this sentence at the time, I felt that ten years was too long. I thought that if I read more and study more, it shouldn’t take such a long time. But I really started to make profits after losing money for ten years. Ten years later, I realized that the local theories I had learned before were only half-understood and had not been fully integrated.

2. The difficulty lies in doing

Analyze the volume-price relationship that usually occurs after currency prices reach a peak and then fall, and the corresponding psychological behaviors of retail investors and bankers.

After the currency price reaches the top, the volume-price relationship during the decline process is generally as follows: increase the amount with a small decrease ➡️ increase the amount with a large decrease ➡️ shrink the amount with a large decrease. Why is there such a volume-price relationship? Don't memorize by rote, memorize with understanding.

The first step: increase the amount and reduce the decrease

After the currency price reached its peak, buying orders began to decrease while selling orders began to increase. The two sides clamped down on each other. Eventually, the rising selling power (mainly manipulated by bookmakers) surpassed the buying power, causing the currency price to increase by a large amount (a large amount can be simply Seen as increased selling power), but because there is still buying power supporting it, the decline is small.

A very firm answer: no

It's very simple. At present, everyone agrees that this is a good coin, but the market value has been realized.

And those who truly have a hundredfold chance have the following characteristics:

1. Look at the track (the new track is a hundred times more likely to be)

Main track OR innovation track

2. Look at the ecological niche

19 years ago, it was exchanges, public chains, and miners. Now it is obvious that these ecological niches have been occupied.

3. Look at the business model

Some are business models that collect rent in shopping malls, and some are business models that collect tolls... The ecological niche of a project determines the ceiling of the project.

Ten thousand times the coin, thousand times the coin, hundred times the coin, this is fantasy customization, it would be too rash to say it is a dream.

10 times in one cycle, 100 times in 2 cycles, this is the dream.

There is actually no point in searching for something thousands of times. The probability of finding it may be one in ten thousand.

Even if you find it, how much do you dare to buy, 100,000 or 200,000? Then the money will most likely return to zero.

If you buy it for 1,000 or 2,000, are you sure you can really hold it?

I would say the probability of buying it right is one in a thousand, but the probability of getting it is lower than one in a thousand. After all, this is a struggle against one's own human nature.

Driven by the potential benefits of the Bitcoin spot ETF, BTC quickly rose to around $30,000, and then experienced two weeks of volatility and failed to break through the previous high. Before the ETF gets an official reply, the market will not end, Bitcoin will fluctuate and rise, and popular altcoins will also have opportunities to perform. Regulatory risks are still likely to return, and the market outlook is cautiously optimistic.

During the overall correction in June, USDT's unanchoring confirmed the short-term bottom of BTC, and chips changed hands during the decline, laying the foundation for a new round of rise. Blackrock and other established Wall Street institutions have applied for Bitcoin spot ETFs, driving the market to rise rapidly. BTC has returned to near its previous high and is expected to fluctuate upward in the next month. BCH, the leading altcoin, has risen by more than 200% in two weeks. Market risk appetite has rebounded, and popular altcoins will have performance opportunities.

I was chatting with you for a while today. Friends in the group often ask me, how can I make a fortune in the currency circle? In 2023, how can ordinary people quickly make a comeback in the currency industry, become rich, and make a lot of money? Let me tell you first, if you are someone who believes that if you invest 100 yuan today and make 10,000 yuan or 100,000 yuan tomorrow, you should close this article immediately. It is really not suitable for you.

The most realistic problem in the currency circle is that this should be the only opportunity for most of us ordinary people to achieve overtaking in a corner in our lives. This is an opportunity given to us by the times. Now all industries and tracks have been monopolized by capital giants. If you want to rely on technology and your brain to leverage greater wealth opportunities, the possibility is very, very low. So choice is greater than effort. If you get up and work every day, it will not make you rich, it will only make you satisfied with food and clothing.