Phyrex
Phyrex|Aug 18, 2025 11:42
Recently, my body has been in a recovery period, so I have been feeling a bit drowsy. When I woke up, I found that BTC had fallen to around $116500. It was around 9am in the morning, and I looked at the downward trend. It started at around 7am Beijing time, increased at 8am, and then fell all the way to around $115000 before stabilizing. It has been fluctuating around $115000 until now. I guess everyone wants to know if there are any negative factors causing the decline. After waking up, I carefully read the news in both Chinese and English, and at least I didn't see any obvious negative information. Whether it's the Chinese market or the English market, the main topics of discussion are two things: 1. What does Zelensky wear when he meets Trump. What statement will Powell make at the Jackson Hole annual meeting. Although Bitcoin and ETH fell by 2% and 4.7% respectively, the three major stock index futures of the US stock market fell by an average of 0.12%. This indicates that there is no problem in the US and the US stock market is also very stable. After all, the US stock market and BTC are still highly overlapping, so this decline is most likely due to the adjustment of cryptocurrency itself during weak liquidity. I can't guarantee that everything will be fine or that it will definitely rise, but I am still holding onto my own long positions and have even added some extra space. I don't know what the next trend will be, but my position is here. Let's take a look while we walk. PS: I regret not closing the position over the weekend. I was careless this time. I mentioned during my weekend homework that closing the position over the weekend is usually the safest, after all, I don't know if there will be any problems on Monday. But since we have it now, let's keep it. This article is sponsored by Bitget | @ Bitgetzh
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