The so-called "hold-up" refers to the situation where investors expect the currency price to rise, but after buying digital currency, the currency price drops all the way, making the cost of buying the currency higher than the market price that can be sold. Any investor involved in digital currencies, no matter how experienced, is likely to get trapped. Once investors are trapped by high prices, they should actively seek solutions to the situation based on the situation. The usual unwinding strategies include 1. The stop-loss strategy is suitable for the early stages of a bear market and is a quick way to cut through the mess and stop the loss. That is to say, sell all the currencies you hold to prevent the currency price from continuing to fall and suffering greater losses. This unwinding strategy is mainly suitable for short-term investors for speculative purposes, or investors who hold inferior currencies. Because in a declining short market, the longer a currency of poor quality is held, the greater the losses will be to investors. 2. The currency exchange strategy is suitable for the early stages of the bull market. Currency exchange in a downward trend will only increase the loss. The currency exchange strategy is only suitable for an upward trend. Abandon the weak and choose the strong, currency exchange operation. That is to say, they reluctantly throw away the weak currency in their hands and exchange it for the strong currency that has just started in the market, hoping to make up for their locked-in losses through the profits of the rising strong currency. This unwinding strategy is suitable for use when you find that the currency you hold is obviously a weak currency and there is little chance of a turnaround in the short term. 3. Use the gear shifting method to operate, that is, stop the loss first, and then make up for it at a lower price, so as to reduce or flatten the loss of unwinding at the upper gear. For example, an investor buys a currency at 60 yuan per currency. When the market price drops to 58 yuan, he predicts that the market price will continue to fall, that is, he ends up losing money at 58 yuan per currency. When the currency price drops to 54 yuan per currency, Then add it and sell it when the currency price rises in the future. In this way, not only can lock-in losses be reduced and avoided, but losses can sometimes be turned into profits. 4. The flattening strategy is suitable for the bottom area. Use a downward flattening method. That is, as the currency price declines, more purchases are made, thereby reducing the cost of purchasing coins, and waiting for the currency price to rebound to make profits. However, this approach must be taken based on confirmation that the overall investment environment has not deteriorated and the currency market has not turned from a long market to a short market. Otherwise, it is easy to fall into more and more arbitrage dilemmas.5. Adopt the "no sell, no loss" method of adapting to the ever-changing situation. After the currency is locked up, as long as the investor has not sold out, it cannot be considered that the investor has lost money. If the currencies you hold are all high-quality and high-quality currencies, and the overall investment environment has not deteriorated, and the currency market trend has not deviated from the long market, then there is no need to panic about being temporarily trapped. The method that should be adopted at this time is not to use the locked currency and Instead of selling on the market, hold the currency to cope with changes and wait for the currency price to rebound and unwind.

Is it illegal to speculate on Bitcoin? As a virtual currency, Bitcoin has attracted much attention in recent years, and its price fluctuations have also caused widespread speculation. So, is it illegal to speculate on Bitcoin? This article will explore the legality of speculating on Bitcoin from a legal perspective, and call for reasonable and prudent participation in Bitcoin transactions. First of all, it needs to be made clear that most countries in the world have not yet legislated against Bitcoin, so there is no clear provision on whether it is illegal to speculate on Bitcoin. However, there are certain risks in virtual currency transactions, and speculation may also cause financial chaos. Therefore, governments around the world are cautious about Bitcoin transactions and have adopted a series of regulatory measures to ensure the stability of the financial market. In China, Bitcoin is considered a virtual commodity and its trading activities are regulated. In 2013, seven ministries and commissions including the People's Bank of China jointly issued the "Notice on Preventing Bitcoin Risks", which clearly stated that Bitcoin does not have the status of legal currency and prohibited financial institutions from conducting business cooperation with Bitcoin trading platforms. Since then, China has strengthened its supervision of Bitcoin transactions, banned a number of illegal trading platforms, and imposed penalties on related trading activities. Therefore, in China, promoting and hyping Bitcoin may violate relevant laws and regulations. In other countries, Bitcoin regulatory policies also vary. For example, some countries regard Bitcoin as a legal payment method and allow its transaction and use, but they also regulate Bitcoin transactions. Some countries have adopted a more open stance to encourage the development and innovation of Bitcoin. In these countries, it may not be illegal to promote Bitcoin, but it still needs to comply with relevant financial regulations. No matter which country you are in, Bitcoin speculation needs to be treated with caution. The price of virtual currencies fluctuates violently. Investors should have sufficient risk awareness and invest according to their own risk tolerance. At the same time, investors should also choose legal and standardized trading platforms to conduct transactions to avoid legal risks due to illegal trading activities. In short, although Bitcoin speculation involves legal risks to a certain extent, most countries do not clearly stipulate whether it is illegal to speculate on Bitcoin.However, investors should remain cautious, comply with relevant financial regulations, and participate in Bitcoin transactions rationally. Only in a legal and standardized trading environment can we better protect our own rights and interests and at the same time contribute to the healthy development of Bitcoin. #BTC #ETH

BTC holding on to levels above $28,000 suggests there is pent-up interest in the cryptocurrency. Blackstone Group CEO Larry Fink acknowledged the pent-up interest, saying there is growing demand for cryptocurrencies from clients around the world. Although he could not provide specific details or comment on the status of the application, Fink's remarks highlighted the growing demand for cryptocurrencies. Very Bullish: Investors Anticipate Long Positions Ahead of ETF Approval Despite the recent rally from $27,000 to $30,700, investors are realizing that the BTC ETF approval is not yet fully priced in the market price. This is why BTC remains above $28,000 as investors are eager not to miss out on further upside potential once approval is actually obtained. Market dynamics tend to exhibit short-term memory, and the current situation may be forgotten in the coming weeks, causing BTC to remain at higher levels. Fake ETF News Won’t Impact SEC Approval Fake ETF news circulating on platforms like Twitter is unlikely to have an impact on SEC approval. The Securities and Exchange Commission (SEC) is primarily focused on regulatory aspects and will not make decisions based on BTC price action or social media speculation. Therefore, while such news may create temporary noise in the market, it is unlikely to impact the SEC's approval process. U.S. Stocks U.S. Stocks - Positive Sentiment & Support Looking at the current equity market positioning theme, S&P 500 futures saw balanced flows in the first half of the week, followed by fresh short positions on Thursday. Net positioning remains at about $27 billion in net short positions, about the same level as last week. Despite the large swings, current positioning is not overextended and is in the bottom decile of positioning over the past three years. ETF inflows have increased recently. Similarly, Nasdaq's flows, while different, appear to have stalled or even retraced slightly in terms of net bearish positioning. Sentiment toward U.S. stocks is turning positive, supported by a variety of factors. These factors, including strong macro data, including strong non-farm payrolls, in-line CPI, and the Fed's signal that it will continue to pause on rate hikes, have contributed to the positive sentiment.Additionally, expectations for third-quarter earnings support consensus-beating EPS growth expectations through 2024. The United States is seen as a "safe haven" from geopolitical risks, further boosting the outlook for U.S. stocks. Institutional money is flowing into technology and growth sectors, suggesting these sectors could lead any rebound at the end of the year, with a rotation more likely in 2024. Despite the challenges posed by major event risks, it remains important to maintain focus on favorable macro conditions. U.S. Stocks - Stocks move higher amid volatile yield environment U.S. stocks had a positive week, with share prices rising while interest rate markets showed volatility in yields. The S&P 500 ( SPX ) rose 0.5%, with sectors such as energy (+4.5%), utilities (+3.6%) and real estate (+2.3%) outperforming. Interest rate markets have seen surprises, with real and nominal yields falling while inflation expectations have risen. Stress indicators show some concern, creating a more pronounced focus on potential risks. However, despite volatile market dynamics, the U.S. economy remains strong and shows no signs of an imminent recession. Third-quarter gross domestic product (GDP) growth is expected to be close to 4%, with the job market adding 336,000 jobs in September and the manufacturing sector appearing to be recovering from contraction. The Fed has made it clear that it will not raise interest rates again at this time, given the rise in long-term Treasury yields. While the Fed may take precautionary cuts to reduce the likelihood of a recession, inflation remains above its 2% target, which could limit opportunities for rate cuts until activity data shows clear signs of deterioration. Notably, there were encouraging signs of an acceleration in core prices and an unexpected acceleration in housing prices, which may reflect a rebound from previously lower readings. Investors in Asia Pacific prefer 'value' and 'low-risk' stocks Investors in Asia-Pacific prefer 'value' and 'low-risk' stocks for a variety of reasons. The region has witnessed significant outflows from emerging market funds, particularly Chinese funds, with investors expressing pessimism. This pessimism stems from concerns about a recovery in consumption and expectations of policy changes that may come from China's third plenary session.As a result, investors are actively looking for value stocks with long-term potential, even though short-term market sentiment may be negative. Factors driving investor preference for 'value' and 'low-risk' stocks Overall, Asia-Pacific investors' preference for 'value' and 'low-risk' stocks reflects their cautious approach to a recovery in consumption, policy changes and market sentiment . Amid uncertain market conditions, they actively look for stock investment opportunities with long-term potential and stability.

A false report disrupted the market on Monday, and Bitcoin surged 10% late at night to nearly $30,000. BlackRock has given up most of its gains after refuting the rumors. On Monday, a false report claimed that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s first spot Bitcoin ETF. The news briefly triggered a 10% surge in Bitcoin prices. In a now-deleted tweet, cryptocurrency-focused news outlet CoinTelegraph reported “Breaking: SEC approves iShares Bitcoin Spot ETF.” The owner and operator of iShares ETF is BlackRock. Immediately afterwards, the price of Bitcoin surged by 10%, reaching a high of $29,900. But Bitcoin quickly gave back those gains after a spokesperson for BlackRock said its spot Bitcoin ETF application was still under review by the U.S. SEC. CoinTelegraph later said, "We apologize for the tweet that led to the spread of inaccurate information about the BlackRock Bitcoin ETF. An internal investigation is currently underway." Bitcoin's gains narrowed to about 3% and is currently hovering just above $28,000. s level. Bitcoin's volatility spiked on Monday, underscoring investors' persistent hopes that the U.S. SEC will approve a Bitcoin spot ETF. While the agency has approved a Bitcoin futures ETF, it has repeatedly rejected and delayed applications for a Bitcoin spot ETF over the past few years, despite large asset managers such as BlackRock and Fidelity launching their own Bitcoin ETF applications. Later, investors regained hope. Hopes for a Bitcoin spot ETF have also increased after Grayscale Investments won a court appeal. The SEC erred in rejecting Grayscale’s application to convert its Bitcoin Trust into a spot Bitcoin ETF, the court said. A recent report from foreign media stated that the U.S. SEC will not appeal the decision, which has given some hope to investors, including Ark Invest’s Cathie Wood, that a spot Bitcoin ETF may be on the horizon. . “I do think the SEC is taking action... We think some of the research that’s trickling down to the (regulatory) commissioners may be the basis for approving a Bitcoin ETF. We don’t think the SEC will just approve one (ETF); part of it," Wood said in a recent interview. There are currently more than 10 spot Bitcoin ETF applications under review by the U.S. SEC.

It is better to rely on yourself than to rely on anyone else. The best plastic wrap is to keep making progress. The process of self-improvement is painful, but you will eventually meet a better self. Good morning everyone, market analysis. Yesterday, after a rapid rise at noon, the market trend went up and down. There is basically room for long positions at low levels. We did not hesitate to place Dodan entry near 28330 and 1560. He grasped the market perfectly and led the students who followed him. The pie won more than 500 points, and the ether won 18 points of space. At this pace, you have to go with the flow. Keeping up is the beginning of counting money. Opportunities are reserved for those who are prepared. What are you still hesitating about? ? Looking back at the entire market yesterday, it was like a shocking roller coaster. The entire market can be described as wailing. For now, we still have to approach it with rational thinking. Looking at the daily line, after the continuous rise, although there has been a callback, the overall upward structure is still stable. This callback is also a correction to the market, so a slight pullback is a normal trend. Judging from the 4h chart, the currency price is currently running near the middle rail. The 4-hour boll continues to shrink. The middle rail support coincides with the low point below to form a double bottom support. It is currently consolidating at a low level near 28200. The short-term lower support is still relatively solid, and several downward attempts have failed to break the level, so in the short term we can focus on a support below to make a bullish move. Operation suggestions: BTC: 28000-28200 is more directly, the target is 28900; ETH: 1540-1545 is more directly, the target is 1580#BTC #ETH

With the popularity of Bitcoin and the development of the digital currency market, more and more individuals hold Bitcoin in China. So, how does one go about converting Bitcoin into cash? This article will introduce several common processing methods. First, individuals can choose to sell their Bitcoin through an exchange. Currently, there are many well-known Bitcoin trading platforms at home and abroad, such as Huobi, Binance, etc. Individuals can register accounts on these platforms, sell their Bitcoin holdings to other users, and withdraw the resulting cash to their own bank accounts. When conducting transactions, individuals need to pay attention to choosing a platform with high credibility and good security, and understand the platform's handling fees and transaction rules to avoid unnecessary losses. Secondly, individuals can also choose to liquidate Bitcoin through over-the-counter transactions. OTC trading refers to individuals trading directly with other Bitcoin holders rather than through a trading platform. This method is more flexible than the trading platform, and individuals can negotiate the transaction price and transaction method with the other party. When conducting OTC transactions, individuals need to pay attention to choosing a highly credible counterparty and ensure the security and legality of the transaction. In addition to trading platforms and over-the-counter transactions, individuals can also choose to cash out through Bitcoin ATM machines. A Bitcoin ATM machine is a self-service device that can turn Bitcoin into cash. Individuals only need to transfer Bitcoin to the ATM machine and then follow the instructions of the machine to get cash. At present, the number of Bitcoin ATM machines in China is still relatively limited, but with the development of the digital currency market, more Bitcoin ATM machines may appear in the future. Additionally, individuals can choose to use Bitcoin to purchase goods and services. As Bitcoin acceptance grows, some merchants are beginning to accept Bitcoin as a payment method. Individuals can use Bitcoin to purchase various goods and services, thereby realizing the purpose of converting Bitcoin into cash. However, when choosing this method, individuals need to ensure the credibility of the merchant and the quality of the goods to avoid unnecessary losses. It should be noted that no matter which method an individual chooses to monetize Bitcoin, they need to comply with relevant laws and regulations.The legal status of Bitcoin in China is still relatively vague, and relevant policies and regulatory measures are constantly being improved. Individuals need to pay attention to government policy dynamics and abide by relevant regulations to avoid violating the law. To sum up, for individuals holding Bitcoin, they can choose to cash out Bitcoin through trading platforms, over-the-counter transactions, Bitcoin ATMs, or by purchasing goods and services. No matter which method you choose, individuals need to pay attention to choosing a method with high credibility and good security, and abide by relevant laws and regulations to ensure their own interests and legitimate rights and interests.