Moody's downgraded the US sovereign credit rating from Aaa to Aa1 in response to the expansion of US government debt over the past decade, but also changed the outlook from 'negative' to stable, indicating confidence in the US economy. A slap and then a candy, the level of play is the same.
Affected by this news, US Treasury yields rose briefly, the S&P 500 ETF fell during the day, and core crypto assets like Bitcoin and Ethereum also weakened and corrected simultaneously, with market risk aversion slowly rising. While the market is flourishing, there are always some risks hidden that we cannot see. Reducing positions in advance is to stay alive and be able to bottom out.
To briefly discuss the recent market, at least for this small wave, whether it’s the public strategy to bottom out or the private pre-positioning, it has been well grasped. Last month, the preparation for 200,000 USDT in the starter was to fight a hard battle; from last week’s public reduction to appropriate selling, simple retrospectives, and now the overall downtrend of the market has been proceeding according to the established logic.
Uncle San believes that the main upward wave of the market is still ongoing, and new highs will come as expected after the adjustment. However, not everyone can fully benefit from the main upward wave; only by becoming the main player in the market can you enjoy its final wave.
As for whether this is the last bull market, after several recent operational plans, Uncle San feels it’s not important anymore. On the contrary, under the premise that market changes exceed plans, forming one's own trading strategy through diligent efforts and testing with minimal costs is our guarantee for stable existence in this market.
In terms of chip structure and market trend, the painful situation for everyone is that the market has already risen in a wave and then started to shake and correct, while the vast majority of people hold altcoins, heavy positions, or full positions. No matter when you buy Bitcoin, it is always necessary. Uncle San firmly believes in the concept of holding mainstream coins with half positions, which I can't teach; the market will definitely educate everyone clearly.
As for my personal position, I have already reduced Bitcoin by half, and my high-profit altcoins have been reduced by 30%. The reason why Ethereum remains unchanged has been asked by many partners; in fact, Uncle San is just betting on an expectation. On one hand, my holding cost is around 1,700 points, which is not too low, and the main force has just finished switching; on the other hand, next Tuesday, the SEC will conduct the final approval for Ethereum spot ETF pledges. What if it passes? Bitcoin's pullback will definitely lead to Ethereum's pullback, there’s no doubt about that. However, Uncle San always believes that the compliance of the crypto market and the large-scale influx of off-market funds cannot rely solely on Ethereum.
In this high-risk trading market, everyone must learn to be responsible for their own trades. Yesterday, Liang told me that the market is cruel; those who can walk with us to achieve great results will definitely be those who are highly synchronized with us. The gambler's mentality, fantasizing about getting rich overnight, ultimately becomes market liquidity, which Uncle San readily agrees with.
Based on this, the previously almost barrier-free planets have raised the threshold, and the long-standing membership model is about to be completely overturned. For strategies, everyone can only see the current trend fluctuations; improving cognition is necessary to establish a foothold in the web3 market. Of course, for beginners in the crypto market, registering as a node in any of our major exchanges will also provide beginner's classes for entry-level teaching.
It is not shameful to pay for knowledge; in the capital market, what is free is often the most expensive.
Warren Buffett often says, 'Risk comes from not knowing what you are doing.' You think you are investing, but in reality, you are just a prisoner of your emotions. Every impulsive entry is like training for the market; every hesitation adds cracks to your account. Let’s encourage each other!
BTC: The concentration zone for large Bitcoin holders is currently between 93,000 and 97,000 points. In terms of cyclical trends, this range will become a strong support before Bitcoin reaches new highs. In the short-term market, Uncle San believes that even if Bitcoin slightly adjusts before testing the previous high, it cannot bring about a sustained aggressive rally to change the current fundamentals. A more reasonable liquidity adjustment logic is to maintain a short-term slight downward trend to conduct strong testing at the bottom, thereby building momentum for future new highs. Continue to pay attention to the support at 10,100 points; below this position means a certain period of bottom confirmation, with the upper resistance level being the short-term high point.
ETH: Ethereum has started to move in sync with Bitcoin today. In terms of trends, both the four-hour and daily levels have tested the bottom support trend. The short cycle has a continued downward trend. For the medium-term market, two dimensions serve as references: the first is the upcoming ETF pledge betting, and the second is that profits have not yet begun to be realized after the main force has changed hands in the past two months. The overall logic is that the main force is still in the stage of accumulating chips. Whether it is small-level reductions or medium to long-term bets, adjusting positions during pullbacks is the correct operation for the last segment of the crypto market.
Altcoin section: The recent pullback of altcoins has been quite significant. The recently reduced positions of SUI, SOL, SSV, and Bitcoin will become the priority for replenishing positions in this round of adjustments. A few certain targets that need to be watched in the long term are DOGE and PEPE, which are expected to reach new highs after this adjustment. On-chain chips have concentrated and accelerated, and other recently hot memes should be participated in sparingly since, in the end, these memes will definitely become cannon fodder.
The panic and greed index is at 74 today.
Finally, stay away from leverage and stock up on spot assets!#以太坊安全计划 #加密圆桌会议要点
