Many people have been saying the bull market is over these days. It's too early to tell. If the bull market truly is over, I'd encourage everyone to liquidate their positions in 2022 and enter the market to buy spot stocks now, rather than continuing to hold them. Because if you're convinced the bull market is truly over, what's the point of holding onto stocks? There's absolutely no need to wait for a pullback to 106,000 or below 98,000 to liquidate.
Last Thursday night, a small PPI figure cooled the market, and the data was completely spurious. The August non-farm payroll figures of September 5 and the August CPI of September 11 are the big news. Whether we'll enter a temporary bear market will be determined by these next two days.
Objectively speaking, the recent pullback can be interpreted as a pre-interest rate cut, a retreat before the next rally. It would be a sin to not block those idiots who are bearish to the tune of 60,000 or 40,000 yuan; those idiots are just dying to see the market go to zero. Follow the trend and see what happens. Short when you should, buy when you should. Set stop-loss and take-profit orders, and don't overthink things or be too subjective. During the last Israeli-Iranian conflict, BTC plummeted from over 105,000 to 98,500 on Saturday night. Many people saw it plummet to 80,000 or 70,000 yuan, only to see it quickly rebound to over 105,000 the next day, trapping a large number of short sellers. Therefore, don't hastily predict the end of the bull market in the second half of the year. Bitcoin has experienced four halving cycles since its inception, and no bull market has ever ended in August of the year; it generally ends between November and January of the following year. $BTC #杰克逊霍尔会议 #币安HODLer空投PLUME