I've been cooling off at Jiuhua Mountain for a few days, connecting with the high-energy field of *Journey to the West*, and my mood is quite good. This resort is nice, Arcadia five-star hot spring hotel, suitable for healing and mind-body-spirit circles. Many stars come to Jiuhua Mountain for pilgrimage and stay at this hotel.
The pancake has broken below the 5-day moving average, and the four-hour pullback is still ongoing. Here, the main force has only two options: either to consolidate and then continue to break through the previous high. However, if it breaks below the last support of 116,850 USD on the daily chart, the trend will undergo a complete reversal, leading to a bear market counterattack.
My personal intuition leans towards the market being weaker over the next three days this weekend. Ethereum has now taken the baton and is leading with mainstream altcoins like SOL in turns. It’s clear that traders won’t end this wave of momentum that they’ve worked hard to incite among retail investors so quickly. In summer, people have nothing much to do and just stay in air-conditioned rooms, frantically hitting the buy button. Choosing coins indeed tests your insight and is an essential skill, especially regarding your entry point.
It seems like this coin DOT is being forgotten. Looking back at the last bull market in 2021, Polkadot and UNI seemed to be on par, being the most eye-catching public chains in the crypto space four years ago. But now, retail investors and hot money are fickle, introducing new tokens like SUI. Many newcomers want to seize the hype that once surrounded YUAN, but times have changed. The iteration speed of Web3 is too fast; the younger generation is pushing the older generation away.
If you haven't boarded yet, next Monday, if the market stabilizes and the K-line still turns upward, it seems that DOT has not yet started to gain momentum, so the risk might be a bit lower. You might want to pay attention to it. I don't know if chasing ETH at this point will get you trapped; it seems that there are big whales reducing their positions. But at this moment, it's not just about wisdom; it's also about guts.
Just like the high-end tourism seminar with 500 people I attended at Jiuhua Mountain, it was simply bizarre. There were no institutions, no products, no static displays, not even an app or any materials; photography and filming were not allowed throughout the venue. I just finished a satisfying meal and watched the wine dinner performance; the program was quite rich, with a bunch of talents showcasing their skills.
There was Sichuan opera face-changing, tap dancing, cross-dressing, and a medley of songs. I can't believe no one took videos or photos; I'm truly amazed. They didn't allow sharing, making it quite mysterious. You can guess what it was about.
Our quantitative X contract's new strategy is currently being tested. Some members who have experienced it say the results are quite good, as it neither leads to liquidation nor yields excessive profits. Once this robot is activated, it really allows for effortless winning, far better than engaging in those cat and dog chain funds, and it doesn't harm personal connections.
This mind-body-spirit healing training discipline is surprisingly good; no one was late, no one was on their phones, no one moved around the venue, and not even anyone went to the bathroom. I'm impressed; my eyes have been opened. There are indeed mountains beyond mountains, and skies beyond skies, with people beyond people. Without any company project, this leader managed to operate such a large organization; it’s truly impressive. However, even if it makes money, I won't get involved because it doesn't align with my values.
Life is a journey, and trading cryptocurrencies is a form of cultivation. Winning or losing is just part of the process. Losing money isn't necessarily a bad thing; one should be open-minded, after all, wealth is something you can't take with you when you die. Some money you can earn with your life, but you may not have the chance to spend it.
I’m not someone with big ambitions. I often share a viewpoint: If there's an opportunity to earn 10 million, don’t try to take it all; earning 6 or 7 million is enough; don't overreach. Not everyone can bear and handle it. Don’t walk someone else's path like Cao Cao, leaving others with no way to go. Try to avoid actions that harm others for your gain, as freedom is the most precious.
One should appropriately reduce their positions and manage their exposure; after all, volatility will amplify in a bull market, leading to quick gains and losses. Don't be overly greedy. For example, star Hu Ge was confused at the peak of his life, went through a car accident, got many stitches on his eye, and narrowly escaped death. Only then did he start reading and seeking inner growth, eventually portraying classic roles like in the spy drama *The Disguiser*. He also came to Jiuhua Mountain for a retreat and worship.
Our lives in the blockchain world are filled with ups and downs, just like *Journey to the West*. As long as the retail investors follow the leader westward, we will eventually obtain the true scriptures and each become an invincible fighter in our hearts.
