$BTC My bull market is over, at least temporarily. In fact, at this previous high, I was very optimistic that there would be another wave of main upward trend. I think this is also the view of most people. If the bull market ends at this position, I always feel that something is missing.
In terms of the overall environment, there are generally no major problems, but there are also small hidden dangers. The halving is still a few days away, but I don’t think this factor has much impact, after all, it is completely clear. The interest rate cut has been postponed to September again. It has been postponed before, but the US stock market has been rising continuously, and has risen a lot. Can it continue to rise before the interest rate cut? It seems that it has stopped rising recently. Another possibility is that a larger-scale war may break out, but it seems unlikely at present.
According to the plan, half of the position was closed at 66,000. I don’t know whether it is right or wrong. It is best to go up again. If it continues to fall, I haven’t figured out how to deal with the remaining half of the position.
The market is very confusing now, it can go up or down. It may be the final washout in the consolidation phase, or it may be the beginning of a long decline.
Although I don’t believe that the bull market will end here, we still need to be fully prepared. In the past few days, I will choose the opportunity to sell out half of the position. If the market really stops, don't be too passive. If I make a mistake, I can buy it back above 70,000, earn a few points less, and gain peace of mind in exchange.
At what stage of the market are we now? The previous high of 69,000 was exceeded. After the breakthrough, it pulled back, and then rebounded. So, will the subsequent plot start a new journey of the next bull market?
In this wave of decline, copycats generally did not fall much. The big pie fell by six or seven points, and the copycats did not even fall by 20 points. What is this indicating?
Now there is a saying that BTC may have seller liquidity shortage in the future. This means that if these ETFs continue to buy like this, there will not be enough BTC on the market to sell, and sellers' chips will gradually become scarce, so it will be easier to have a sudden surge. Therefore, the price of bull top this time may far exceed expectations.
Another "big explosion is unimaginable".
The people who make such lofty remarks may think that the price can really rise to the moon, or they may think that the buyers are all united and united. In fact, in theory, this statement is true for all assets, but not many people can profit from it. Do you remember the 33 in the last bull market? So for ordinary investors, just listen to it, don’t take it seriously, but be prepared to leave the market.
Older generation memes and the concept of bankruptcy have surged. According to past experience, a correction is imminent. However, this was the experience before the launch of BTC ETF. Let’s see if it still works this time?
In the afternoon, the price of TUSD suddenly increased. This was nothing, and I was mentally prepared. However, at the same time, the TUSD lending interest rate soared to 30%, which was fatal. I did not expect it at all.
Fortunately, the price has come down again. I exchanged it for TUSD first and paid it off. I was almost cut off by this loan shark. Having to consider this factor later will not be fun.
TUSD has been de-anchored for two months and is still around 0.97+. The amplitude and duration of this de-anchor are already outrageous. Not many people are discussing it in the Chinese circle. I can only say that the quality of the Chinese circle is too low. I can see it everywhere. They are all Teacher Yongzhuan and BaiU God of War.
I plan to see if there is any spot that I can lend out every day, exchange it for BTC and put it in the currency-based contract to earn some funding fees.
The risk here is that TUSD rises. If it rises back, I will lose two or three points and use the capital fee to make up for this loss. In addition, it has risen to around 1.2 several times in the past year, so you cannot borrow too much, otherwise it will be embarrassing if your position is liquidated. Of course, it seems there aren’t that many things to borrow now.
If TUSD really collapses, you can make a lot of money.
The market intensity was stronger than expected, with the lowest price only falling to 38.5K, and the subsequent rebound was not small. It was unexpected that the monthly line closed positive again.
However, we cannot be too optimistic at the moment and maintain a volatile view.