The cryptocurrency market continues to trend downward, starting today by testing the 74,000 mark, and the profit status still has little to say. Let's discuss some common knowledge issues; many friends find it very strange that the current market movement increasingly does not conform to financial logic. The judgment methods taught earlier are now almost no longer responsive. As Old Cui mentioned before, the currency exchange algorithm, financial report estimates, foreign exchange settlements, export data, and American yields. The current situation has turned into a scenario where any data release results in a drop, American bond yields only rise, and American stocks continue to decline. Even under this pressure of news and data, there will still be those who choose a bull market approach. Old Cui also does not want to intervene too much; being firm in his thoughts shows a strong subjectivity. The prediction for Bitcoin itself is a bear market pattern. With the destruction of wave patterns, the technical aspect is also shifting towards a bear market. The second wave pattern started on September 18 has a lowest point at 76,256, which is now rushing towards the low of the first wave.

This is also the mid-term profit target, with the activation point range between 60,000 and 65,000, specifically at the activation point of 62,723. If everyone wants to stay in sync with Old Cui and approach the entire market's fluctuations with a mid-term mindset, then it is necessary to firmly hold a bearish outlook before this and wait for the end of this round of market for the next round of predictions. Many friends' actions, Old Cui finds exhausting; wanting to do mid-term but being extremely obsessed with short-term trading will shake one’s own heart regardless of whether the market is right or wrong. After earning from short-term trades, they wish to reconcile with themselves. A crucial point is everyone's mindset after taking profits. Many friends take profits today, but maybe in one or two hours, they will come back to ask Old Cui what time and price point they can enter again. Transforming mid-term into a short-term gamble is actually very unprofitable. The mid-term layout position is relatively small, with the profit points appearing to be large while the actual returns are relatively small.

In facing such moments, especially do not get confused; many friends can endure in a loss period but choose to take a step back during profit periods. When everyone faces losses again, will it simply mean losing the principal? Additionally, if anyone has questions that need consultation, try to explain them thoroughly instead of just asking Old Cui at which price point to go long or short. Old Cui has no information and doesn’t know if you are trading short-term or long-term, what your position layout is, or even how much capitalization you have. He doesn’t know about profit taking or stop loss; are you purely relying on your own guessing to trade? In this situation, Old Cui gives a suggestion: are you really daring to enter the market? This applies similarly to the situation of being stuck in positions; one cannot purely rely on Old Cui's personal guesses, which is very irresponsible. Also, Old Cui collecting everyone's information is not beneficial; when you find Old Cui, the help he can provide is just to give a reasonable suggestion based on this order, that’s all.

Old Cui concludes: especially during the profit stage, Old Cui emphasizes risks more. Many friends have followed Old Cui to short from around the 85,000 mark. When there is some profit, they tend to overlook the risks. The first profit target of this order has indeed been achieved, yet some friends did not choose to take profits. Therefore, it enters the second phase of operation. The 74,000 mark was broken twice, and along with the break, it completely destroyed the bullish pattern. The next phase of operations, in mid-term terms, means that the current price can be entered. The CPI data will be released today; although its significance is not great, its reference value is mainly to guess the next actions of Americans. Whether the data is positive or negative, it cannot change the bearish shape before the end of November. Old Cui’s current core focus is to observe where the bottom position is before the interest hike, so as to infer the market after the interest hike. Simply put, after today’s data is announced, Old Cui will also lay out new mid-term entry points for those interested. Currently, the dominating information available shows that negative factors still hold a significant proportion, and without decisive news to disrupt it, this year’s market trajectory will unfold according to current projections.

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