The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. I welcome everyone's attention and likes, and refuse any market smoke screens!
The market has begun a short-term correction, which has made contract users feel restless. In just half a day, more than ten users have come to ask Lao Cui whether they can enter short positions. Lao Cui's thoughts have actually not changed; being bearish does not support everyone to short. For Bitcoin, reaching a high of 123,300, the starting point was around 110,000, with an overall increase of nearly 13,300 points. This creates a huge contrast with Lao Cui's previous bearish outlook. You don't need to find excuses for Lao Cui; a price difference of over 10,000 points is a strategic mistake for Lao Cui. Although I did not let everyone enter the market at that time, I did indeed enter a short position, resulting in a loss of around 50,000. This loss has indeed awakened Lao Cui's thoughts, which is also what Lao Cui mentioned during this correction: everyone should stop while Lao Cui makes arrangements. Perhaps based on the desire to recover losses, I still hope everyone focuses on spot trading; the extent of the shorts will not be too large, after all, interest rate cuts are just around the corner.
At the same time, some friends have also entered short positions after reading Lao Cui's article. Lao Cui reminds everyone that it is best to communicate with me when entering the market; the article mainly expresses Lao Cui's views and does not mean that Lao Cui's views are necessarily correct. Many times, although Lao Cui expresses his views directly in the article, in most cases, I will not let my users try. Because Lao Cui's consistent strategy is to make arrangements before the market trend starts, with a preparation period lasting several months or even half a year, I usually do not enter during short-term trends. I sincerely apologize for the confusion caused to my fans. If you have certain needs, you can also communicate with Lao Cui, and I will do my best to help you recover some losses. This mistake has been the biggest judgment issue in nearly a year, and I once again express my apologies for the losses caused to everyone.
When many users communicate with Lao Cui, there is a clear issue: they do not delve into the reasons for their losses, only expressing regret over the results. This expression is more like a confession and is a common problem among beginners. When reviewing losses caused by mistakes, everyone should pay more attention to the judgment of the process rather than getting entangled in the results. If everyone often repents based on results and ignores process mistakes, it will not provide any substantial help to your investment journey. Taking Lao Cui's mistake this time as a review, the biggest problem was actually ignoring the Asian market funds. In fact, in the article at that time, it was clearly pointed out that the economic benefits brought by a weak dollar would be significant, which was obviously bullish. But I got caught up in the insufficient amount of European and American funds in the crypto space, thus ignoring that the market is not only dominated by European and American giants. I also overlooked the significant impact of domestic stablecoin regulations, being fixated on the present and failing to see that Lao A's performance proves there is sufficient capital. Perhaps this is a form of fixation, being trapped in a quagmire without realizing it, only reflecting after a loss of 50,000 in contracts.
For many users, 50,000 might mean the end of their career in the crypto space. For Lao Cui, I can accept the result but cannot accept the process; such a basic mistake is indeed fatal. I have always emphasized that the trend is bullish, and even this year's high has not yet been reached. However, when facing the trend alone, I chose another path. If I were to focus on the results during this review, it might only lead to further despair, and without identifying the main cause, this tuition fee would be paid in vain. After everyone suffers losses, try to think according to Lao Cui's mindset; do not get entangled in the results. As long as you can find the reasons, making it back is just a matter of time. This loss is merely 13,300 points; seizing opportunities for Bitcoin is just a wave of opportunity. Fortunately, last year's arrangements were profitable. If everyone did not keep up with the entire process, this loss might be unacceptable. You must expand your profits when in the green to prepare adequately for future losses.
With the review concluded, let's return to the market. The situation with Bitcoin is similar to the performance on the charts; after a surge, it has been undergoing a correction. Currently, looking at the performance of small coins, this round of impact can be temporarily declared over. Today, all coins, including small coins, are undergoing a correction. Although the depth is not significant, the overall top ten market cap coins are showing an outflow state. Facing this market, Lao Cui also hopes that users who are short do not think about making back all losses with one trade; try to achieve a gradual profit-taking effect. The chart pattern of Bitcoin resembles a surge followed by a correction, and various indicators also show signs of pressure. Technically, it is definitely bearish. It increasingly resembles traditional financial trends; according to past trends in the crypto space, after Bitcoin surges, it could lead to a waterfall that wipes out the entire bullish sentiment. The speed of this correction only indicates one thing: the dispersion of giants; Bitcoin has long passed the era of being dominated by a single entity.
Looking at the entire market from a long-term perspective may be a good thing. However, from a short-term profit perspective, it seems to lack a bit of passion. Perhaps the correction has already started from 123,300, and without a large-scale correction depth, everyone should try not to short and wait for Lao Cui to recover before making plans. Regarding spot arrangements, many friends have enough low-cost chips in hand. As for Ethereum's high point, do not have overly high expectations; the POS and POW mechanisms will indeed limit its individual value. An expanded market cap does not mean individual growth will be too fast; at least since the mechanism appeared, no user has claimed that Ethereum will become the second Bitcoin, let alone breaking 10,000. Now, even breaking 5,000 will be subject to regulation. The same goes for SOL; breaking 1,000 is wishful thinking; first, get past 500 before discussing the future. This year, Lao Cui's estimate for SOL's layout is only 2-3 times; this valuation is based on this year's lowest value, not the current price.
Lao Cui summarizes: The recent market trends are very unconventional. From the daily chart, Bitcoin is under significant pressure above, and the lower shadow line also indicates the problem. The work of bottom fishing is still being done. This situation further proves that the thoughts of the giants are also somewhat disturbed, creating a subtle balance between pumping and dumping. In this situation, one must not attempt contracts; the trend has always been directed towards a bull market. Even if a short-term dump occurs, it can only be in the form of harvesting for everyone, and the downward space will not be too large. The conclusion made at the beginning of the year has not changed; the lowest point has already formed in the first half of the year. If you miss this wave, the remaining market can only be for spot users to find low points to enter. Staying put is the best choice. This strategy that Lao Cui has maintained may continue until August. For those who want to trade contracts in the meantime, Bitcoin can only be chosen with a profit of a thousand points as the first option. Whether profits or losses reach a thousand points, one must exit. Ethereum should not be touched; users with spot holdings should treat it as a long-term investment, exiting based on the end of the year. For other coins, as long as there are no listing plans, try to exit with profits; doubling should be the first profit-taking position. If you want to enter contracts, it is best to keep in touch with Lao Cui and not act blindly! The movements in the stock market have already formed a competitive relationship; a single misstep can lead to eternal regret! Contracts must abandon the mindset of deep corrections!
Original article created by WeChat public account: Lao Cui Talks About Coins. For assistance, please contact directly.
Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and strategizes for the big picture, not focusing on individual pieces or territories, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent troubles.
This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!
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