May 13, 2025

Recently, there has been a lot of buzz about TRUMP's company issuing tokens, but later media confirmed it was false news. Today, there are rumors about Trump Points NFT market, and when the market starts to rise, they begin to engage in these activities, which is quite ridiculous. Previously, there was significant bloodsucking by Trump, compounded by the impact of tariffs, leading the cryptocurrency market to hit a low point. If these people continue to mess around, I suggest everyone avoid getting involved; we can just focus on our own projects in the crypto space.

I wonder if everyone has noticed that after Ethereum rose over 40%, positive voices began to emerge in the market, and optimistic comments about Ethereum started to appear. So, we must not be influenced by those public opinions; those people shout bearish when prices drop and bullish when they rise, which does not help our operations at all. Instead, they are harmful, either forcing us to sell at a loss or tempting us to buy more. Maintaining rationality and a degree of independence is essential to outperforming 80% of the people in the market.

Yesterday, I mentioned that I gradually reduced my position by 10% over the past two days. The reason is that Bitcoin has pressure around 105,000 before reaching a historical high, and similarly, Ethereum faces pressure at the concentrated range of 2,600 USD. Therefore, I see today’s pullback as expected. I will consider buying back the positions I sold tomorrow, making a swing trade. This pullback has other significant reasons, such as excessive short-term rises and a certain level of FOMO (fear of missing out) in altcoins.

What’s next? I continue to be bullish, although there is no absolute certainty about the market and it is filled with some skepticism. However, the market trend has indeed turned, and the trade disputes have also eased. Unless there are other unexpected events in the short term, the market will continue to rise at its own pace after making necessary adjustments. Currently, it appears that the scope of this pullback won't be too large, with a higher probability of Bitcoin holding above 100,000 and Ethereum above 2,400.

Thank you for your attention and likes.