Today I suddenly don’t know what to write, this kind of day is not bad, it means there aren’t any major events happening. I bought a dual currency at $59,000 yesterday, just a bit greedy for the interest, today it’s listed at $60,000, feels like it’s going to be sold again. The $59,000 price is still quite good, I don’t really want to sell, still want to hold on, but the essence of dual currency is to buy low and sell high, and then collect the premiums.
The last two days have also been quite interesting, yesterday U.S. stocks rose while Bitcoin: native fell, today U.S. stocks are down, but Bitcoin is up, once again validating what I often say, that BTC has a strong purchasing power around $60,000, and investors' interest in bottom-fishing at this price level is still quite high. Of course, you might not notice this from the spot ETF data, but the competition in spot ETFs has not been quite high recently.
The key buyers are still likely the native investors of Bitcoin spot, and I also saw some Western analysts today believing that the Bitcoin bear market is almost over. I don’t know if this is true, I am not skilled at guessing prices, but as long as the price is low, I can buy, which I can still do. The average purchase price of my recent buys has already risen to around $60,000.
I haven’t been paying much attention to the developments between the U.S. and Iran; just look at the oil prices and you’ll know. Today WTI is almost going to fall below $68, much quicker than I expected. My short position is still being held, and it should leave the market at any time now. This time I’ve held on for quite a long time, but unfortunately the position is a bit small. After it all ends, I’ll do a summary again.
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