Hello everyone, I am trader Zhu Yidan. The market in the past week has been quite good. Bitcoin has steadily risen above 95,000, and Ethereum has also rebounded. The most eye-catching is the small-cap altcoins, with hot coins surging four to five times in one go, showing a profit effect.
As we enter the weekend, one can clearly feel the decline in the chasing-up sentiment, especially as Bitcoin weakens. The fear of heights is spreading, as everyone is afraid that Bitcoin will lead a downward spike, causing a collapse in altcoins. Profit-taking is leaning towards cashing out for risk considerations.
The currently more stable strategy is to wait for Bitcoin to reach a new support level before entering the market. This kind of pullback is very healthy and more conducive to the continuation of a bullish trend. After all, holding cash won't lose money. If you encounter a sharp decline while holding cash, congratulations, buy boldly and make some money.
I still maintain a bullish outlook. There is a risk of a pullback in the short term, and a significant drop presents a buying opportunity. Currently, my futures account has reached 55,000 USDT, and after 60,000 USDT, I will take profits. I still hold 10,000 SSV in spot, currently with a floating profit of over 10,000 USDT. I am still far from my target, so I don't feel much about the ups and downs in spot trading; the focus is still on futures trading.
I haven't made much money these past two days due to being distracted by parti. They say there will be continuous positive news by the end of the month, but both the coin price and trading volume are very low. It seems the main players don't have much money and lack confidence in the overall market, fearing to lift the trapped positions above, worried that the chips will fall into their hands. It's better to avoid playing with poor funds in futures.
I am optimistic about ENA, LDO, and ORDI, all of which have surged. The more I look at parti, the more frustrated I feel. Ethereum's mainnet upgrade is said to be on the 7th. If there are no delays, the mainline market next week will focus on Ethereum and its layer two, so it’s worth keeping an eye on.
Now basically every night at 9 PM, I will go live and chat with everyone for an hour. It's an open mic, and everyone can come up and communicate. The main focus is on companionship! Finally, I wish everyone a quick turnaround and make a lot of profit!