When you're careless, the shorts' counterattack is really fast and fierce. How many heroes have been defeated? I have also been deeply trapped.
There are many news this week. On May 7th, Ethereum will upgrade. Most likely, after the upgrade, Ethereum's effects will wear off and it won't be able to rise anymore. To be honest, this Ethereum upgrade doesn’t seem to have any profit-making effect. In the future, I won't touch this well-known rising logic anymore, as it usually just traps a large number of lurking funds.
At 2 AM on Thursday, there will be a Federal Reserve interest rate meeting. It's highly likely that they will maintain the current rate. The key will still be whether the dot plot and balance sheet reduction will stop, and if there is still a market, it will be about speculating on interest rate cuts, which will be very competitive in June.
Low market cap altcoins have more speculative potential. Parti really treated me like a Japanese person; after I got off, it started to rise sharply. This wave of rhythm was completely reversed; I missed the gains and ended up taking a hit.
Currently, I'm trapped in a futures position with a loss of 25,000 USDT, holding the position. Let's see if the altcoins I bought can follow the overall market rebound after they unlock today for a big wave. If I can break even, I'll run and never play with large market cap altcoins again. As for why I won't mention names, first, I don't want to harm others, and second, I don't want you to follow my bottom.