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 basically returned to an upward range. After finishing yesterday's article, the sudden news was that the Americans have returned to normal. This news brings a whole lot of good news to the financial circle. Following this, gold broke through $4100 an ounce, and the US stock market also rose accordingly, with two of the three major indices breaking through a 2% increase. This rebound was somewhat unexpected. After the rise, there was a bit of relief, and the spot market has almost remained heavily invested, which makes everyone a bit worried. As long as there are no large holdings of small coins at present, there is still some room for growth, and everyone need not be overly anxious. Today, I won't ramble too much; Lao Cui's layout from yesterday still needs to be reconnected today. Currently, judging from the funds, SOL has returned to the right track, and Grayscale has also started to increase its holdings. The net inflow of SOL's spot ETF reached $137 million last week, marking a historical high for inflows.
Recently, there have been many positive news, but everyone should not have the mindset of a bull market returning; it is very difficult for Bitcoin to reach new highs in the short term. Look for rebounds but do not expect a bull market; the core of a bull market is around interest rate cuts and balance sheet expansion. The only thing that can be confirmed now is that Bitcoin's low point is gradually stabilizing. Although the downward trend may continue in the short term, once the core issues are resolved, the possibility of a large-scale collapse will at least not occur. Today's core is still to explain to everyone the most critical choice of coins. The entire cryptocurrency industry is extremely similar to the AI sector. Especially with AI-related products from Nvidia, the issues Bitcoin faces are the same. After Nvidia broke through $500 billion, many friends began to choose other companies related to it, such as Cambricon. Bitcoin is similar; after the surge, many friends first think of investing in Bitcoin.
This kind of thinking seems to have become a tacit understanding in the crypto circle, always feeling that as long as Bitcoin surges, then Ethereum or SOL and other coins will follow. But if you look back at the market, from last year to this year, Bitcoin has been the only standout. It has set new highs, even doubling and tripling, while Ethereum's historical new high has not come as expected. In 2021, Ethereum reached the $4877 mark, and this year it has barely leveled out, with $4957 being a failed trend. On the GPU front, Nvidia has set new highs, while other companies' growth is almost negligible compared to it. So this notion is not necessarily correct; it may grow, but do not hope to compare with leading companies. The growth of the leaders only drives the overall market value of the industry; fundamentally, the leaders are in competition with other companies in the industry, and the current situation of Bitcoin and Ethereum is the same.
As for the investment targets, Lao Cui mentioned at the beginning of the year that as long as there is enough capital, Bitcoin will always be the first investment option. However, at this stage, most of you want to touch Bitcoin investments, which have indeed decoupled from the public; Bitcoin has become the most stable investment option. Choosing Ethereum and SOL as these two coins is a second-best choice, and regarding returns, everyone should not have too high expectations; profits can definitely be made. This also includes later purchases of OKB; this type of coin is considered speculative by Lao Cui. The expectation is certainly to multiply, but every step taken is somewhat unexpected. The Hong Kong license, the anchoring of domestic coins, and the development of platforms are all constrained and will likely need to be held for a while. Currently, the advantage of OK is its channel into the domestic market, and that is the only advantage. If everyone primarily holds OKB, the technology is still good, but it requires some time to verify.
Regarding SOL's ETF, Lao Cui has also been paying attention to some platforms that have gone live, but they are still too small; everyone still needs to keep an eye on BlackRock's movements. Including companies like Yingwei Finance, which have already been listed, the capital volume driven is still insufficient. Grayscale's increase in holdings shows some confidence; as long as it can be listed, there is still a bull market. There is also a significant piece of news we cannot interpret, stating that the US has stolen 127,000 BTC involving a national-level hacking organization, which has lost nearly 130,000 Bitcoins and may trigger some tremors in the crypto circle. In the short term, it will definitely be a downward trend; the normalization of the Americans has not driven capital inflow. As long as there is no substantial capital inflow issue, everyone can generally be bearish. The closer we get to the period of interest rate cuts or the end of balance sheet reduction, the more cautious everyone needs to be about market rebounds. At that time, Lao Cui will also notify everyone. For contract users, just remember one thing: short at new highs, and you won't go wrong. For spot users, Bitcoin can be purchased around $100,000.
Lao Cui's summary: Regarding the entry points, Lao Cui has sent them on his private account; it is difficult to provide exact points in the article. For such issues, everyone should try to consult me directly. There is not much to discuss about the spot; rest assured, consultations are free. You can also ask about other issues; Lao Cui is open to discussing what he knows privately. Recently, the market has been quite volatile, and Lao Cui is mainly focused on users in hand. Everyone must consider the risk issue when trading; the crypto circle is not as simple as everyone thinks. Currently, Bitcoin's trend allows for spot purchases and shorting contracts; wait for high positions.
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, strategizes for the big picture, and does not focus on individual pieces or positions, aiming for the final victory. The novice, on the other hand, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, and often finds themselves trapped.
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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