I don’t know what’s going on, but I’m particularly sleepy today and slept until the sun was shining on my backside. The recent market is too boring; the sideways movement is just the main force preparing to choose a direction next.
Will it go up or down? This is indeed a technical task! The trading volume is somewhat exhausted, which is not a good sign. I measured it with a ruler; before the surge, Bitcoin might still have a ten-thousand-point level correction.
The market manipulators are very cunning; they know many people are bullish, so they try every means to shake off more indecisive retail investors. Therefore, they will use various methods to create fear. If the market cannot quickly rise above 105,550 USD this week, Bitcoin will be in great danger.
If the price breaks below 102,500 USD, according to my theory on escaping the bull market, one should fully liquidate their position first. Anyway, my judgment may not be correct, but I still want to remind everyone of the K-line situation I see. After all, I already made it clear in yesterday's diary that I am currently in a cash position; I would rather not make a profit than allow myself to suffer significant losses.
If we have to analyze according to some double top structure, upon closer inspection, the right shoulder is indeed a little lower than the left shoulder. But I can't say the bull market is over; that would be too hasty and irresponsible. I can only say that our opponents are getting stronger, and the winding mountain road won't leave retail investors bewildered without a fight. From the current situation, where the chips in the hands of Eastern retail investors are getting fewer and mining rights are shifting to white foreigners, it can be seen that most of us have already somewhat failed in the crypto contest during this bull market, if the yellow-skinned investors are in the same trench. This is why I tirelessly encourage everyone to embrace AI intelligent quantification. Only when we pick up the algorithmic high-tech sword can we have a glimmer of hope to turn the tide.
However, I do not feel pessimistic; I think this is just a smokescreen played by the manipulators, a maze of confusion. Deceiving the enemy while striking is something our ancestors mastered long ago. What (Sun Tzu's Art of War) sells fish is everyone has a copy. Our trading may not have the long history of the West, but the wisdom of emperors, as well as traditional cultures like Guiguzi, are things we Chinese play with well. After all, among the four ancient civilizations, only the descendants of the dragon remain.
I often venture out to the Middle East and Southeast Asia, engaging with various circles, and my information and consulting are a bit ahead of the average retail investors. I can only say, think differently; a downturn can actually be a good thing. If you insist on asking for a buy-in position, I would say around 94,000 USD is a very cost-effective entry point. If it breaks below that last veil of protection, Web3 will enter a true bear market. Anyway, the real second half of the year may not have arrived yet; the high-level fluctuations are just a game. Is it a continuation pattern of rising? Wall Street hasn’t given me a single cent as a grassroots analyst; I'm not Goldman Sachs, BlackRock, or those suit-wearing professionals. Right now, I’m just a simple guy, writing this risk warning diary in my big shorts and Vietnamese flip-flops, hoping to help everyone avoid the waterfall I imagine, ideally without it happening.
A year and a half ago, when Shenzhen Dingyifeng collapsed, I told the rich ladies around me to withdraw quickly, but none of them believed me. Isn't human nature sad? In the end, those who didn’t listen to the leader's words ended up suffering. More than a year later, they all went bankrupt, and one even went crazy. What a pity! They would have been better off listening to me, withdrawing their money, and letting me manage it for them, making me their guru, which would have been a hundred times better than that Daoist. What about drinking eight big bowls of tea? I guess they can’t even afford to eat now; the ending is very tragic.
So will the Aladdin god plan follow suit? Time will give everyone the answer. I hope your investments can earn millions; if you win, just give me a massage. I just can’t stand those people from Northern Myanmar who worship scammers as gods, rubbing them in the dirt. Insulting intelligence is one thing, but you still have to say thank you. The saddest thing about people is their obstinacy. Think about it; back then, e租宝 had such a large scale and was crazily advertised by mainstream media. I told the people around me that it was a scam, but unfortunately, no one believed me. Later, after e租宝 collapsed, those who gambled their entire fortunes regretted and gave me a thumbs up, saying: the leader has sharp insight, amazing! But what use is that? The money they lost didn’t flow into my pocket. I just advised them not to be greedy, but people are foolish. The reason I have gained such profound understanding is that my experiences of stepping into pits are many times more than the average person.
Remember, if Bitcoin breaks below 102,500, even if you’re reluctant to sell at the top, you should appropriately reduce your position. After all, as long as the green mountains remain, you won't fear a lack of firewood. The reason the leader has been able to smile in the market for ten years is definitely not just empty talk. Hey, brother, have you started quantifying today...