麻子新
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At this point, there are still brothers asking why Bitcoin is so weak. I want to share my own perspective; if what I say is wrong or causes dissatisfaction, I hope you can bear with it!
Actually, at this late stage, you really don’t need to care about it at all. Whether it rises or not doesn't matter; you just need to pray that it doesn’t crash the market. To be honest, I think Bitcoin has very little upward space left; perhaps Ethereum still has one more wave of market activity!
As for everyone worrying about whether there will be a correction now, there shouldn't be one in the short term because there are expectations for interest rate cuts supporting it. After the interest rate cut on September 18, there might be a correction. This doesn’t mean it will drop immediately after the announcement, for example, a 25-point drop can create an emotional gap after it actually happens. I noticed that the PRP pool has decreased from the peak of 25.4 trillion in December last year to only 24 billion now. At this rate, it will be consumed by mid to late September, and by then, a 25-point cut will seem very insignificant. If the market cannot rally after the rate cut, the emotional gap will lead to a crash!
Everything above is just my personal subjective opinion and random analysis. Just enjoy it as entertainment!
Last night, I drank with a friend until 3 a.m., and I feel a bit sore today. Speaking of which, he is also a legend; he entered with 100k and only played on-chain, peaking at over 2000. This was right before Trump went online. After Trump went online, it not only absorbed meme coins but also the secondary market!
He benefited from the inscription bonuses and basically rode the meme wave all the way. Until last year, when Trump started to 'suck blood,' he thought it was all about meme coins and only targeted the primary market. Then he went to the secondary market and bought a basket of altcoins, but when the market dropped in April, he chose to cut his losses and has been shorting ever since, leaving him with less than 40 left!
So, one cannot be arrogant. You might be very strong in this field, but in other areas, you might be nothing. Can he turn things around? I find it very difficult to say, not to mention the useless meme season; even if it exists, can he accurately time it? Sometimes, if you make a wrong move at the start, you may continue to make mistakes!
In any case, for the next few months, be smart. If things go wrong, be ready to run. I definitely won’t be the one to tell you that’s the top; oh, by the way, if I'm wrong, don't blame me!
Actually, at this late stage, you really don’t need to care about it at all. Whether it rises or not doesn't matter; you just need to pray that it doesn’t crash the market. To be honest, I think Bitcoin has very little upward space left; perhaps Ethereum still has one more wave of market activity!
As for everyone worrying about whether there will be a correction now, there shouldn't be one in the short term because there are expectations for interest rate cuts supporting it. After the interest rate cut on September 18, there might be a correction. This doesn’t mean it will drop immediately after the announcement, for example, a 25-point drop can create an emotional gap after it actually happens. I noticed that the PRP pool has decreased from the peak of 25.4 trillion in December last year to only 24 billion now. At this rate, it will be consumed by mid to late September, and by then, a 25-point cut will seem very insignificant. If the market cannot rally after the rate cut, the emotional gap will lead to a crash!
Everything above is just my personal subjective opinion and random analysis. Just enjoy it as entertainment!
Last night, I drank with a friend until 3 a.m., and I feel a bit sore today. Speaking of which, he is also a legend; he entered with 100k and only played on-chain, peaking at over 2000. This was right before Trump went online. After Trump went online, it not only absorbed meme coins but also the secondary market!
He benefited from the inscription bonuses and basically rode the meme wave all the way. Until last year, when Trump started to 'suck blood,' he thought it was all about meme coins and only targeted the primary market. Then he went to the secondary market and bought a basket of altcoins, but when the market dropped in April, he chose to cut his losses and has been shorting ever since, leaving him with less than 40 left!
So, one cannot be arrogant. You might be very strong in this field, but in other areas, you might be nothing. Can he turn things around? I find it very difficult to say, not to mention the useless meme season; even if it exists, can he accurately time it? Sometimes, if you make a wrong move at the start, you may continue to make mistakes!
In any case, for the next few months, be smart. If things go wrong, be ready to run. I definitely won’t be the one to tell you that’s the top; oh, by the way, if I'm wrong, don't blame me!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.