“ It’s tough for bulls at this point.”
"You returned home in a panic from Mancang Village. You replaced last year's Land Rover with a second-hand Hongguang. The village chief said you went to the wrong village. Your parents made you kneel in the middle of the ancestral hall, and told you to stand and not speak during the banquet. The rich fish and meat were placed as far away from you as possible. Your cousin's wife, whom you had never met, gave you a piece of ginger and told you to come to your cousin's house as little as possible in the future. She said you were not as successful as the bachelor next door, Old Zhang!"
1. "The counterfeit market rises and falls, and people are gone"
Liquidity has been drained away.
The wizard raised this question, and a lot of people commented below that AI has a promising future, and inscriptions/metaverse and other things cannot compare at all. AI is the future!
In fact, this is not the case.
The head is determined by the butt, don’t talk about AI or the future, every wave of narrative market says this, in the end those who don’t leave when they see good opportunities will be buried. The most terrifying thing about people is that they pua themselves and block out the cruelty of reality.
Our communication community has actually reminded partners that no matter what the future holds, it is most important to hold on to the present and understand the market sentiment. Rather than blindly believing in it! The future is already here, whether you come or not...
2 "BTC fell to 92k, what will happen next?"
The Nasdaq and major U.S. stock indices were all falling before the market opened. The Bitcoin market has already digested the emotional aspects of Trump's coming to power and continues to follow the trend of the stock indices.
How else do you want it to increase?
It is almost clear that there will be no interest rate cuts in Q1 of 2025, so why do you still want to cut interest rates and expand the balance sheet?
The US dollar index and US Treasury bonds have reached 4.8%, and the past three interest rate cuts are the same as no cuts.
How else do you want it to increase?
Judging from the current economic situation and comprehensive factors of macroeconomic data, there is no reason for an increase.
We do not rule out the possibility of subsequent major event news driving the trend. As of now, let’s see you at the beginning of August!
tail
Thank you for reading this far. No matter what, the current market is bearish. We have already indicated that the altcoin would fall back since the beginning of December, and we had already indicated a pullback for AI in the beginning of January.
As for whether we are right or wrong, or whether the outside world thinks we are hindsight, I don’t think it matters, because I am still alive, and I am living well. I have started regular investment and I feel very comfortable picking up bargains.
If you think my ideas are good, you are welcome to follow me. I will update my thoughts from time to time and communicate with you.
