Recently, every day scrolling through social media, we read different information coming from the US. The day before it praised, the next day it can change its attitude and criticize. Just a few days ago, the announcement of tariffs shook the global economy. The stock market and 'cứt tồ' drowned in red. Then the first positive news like successful negotiations with the UK, imposing only 10% tariffs on Canada…. Yet, it has been more than 2 months since that moment.
Until today, the market has probably become too familiar with the increasingly varied statements from Trăm, and no longer reacts strongly like before. And in the short term, price action is no longer affected by his announcements on social media. This is both good and bad. Good because Trăm is very unpredictable, sunny in the morning, rainy in the afternoon, and erratic at night. If every time he posts something, the whole market reacts, it would be hard to know where to go. So the market not reacting to the news will filter out side information and run more stably. But it's also not good because information that has not been reflected in the price before, if news comes out that is not good, the market will reflect very strongly and we will be the ones who suffer the most because we access information last.
A little reflection on the macro side like that so we can better understand the current market situation. As for the technical aspect, BTC currently is no different from what I wrote before. Although it just dropped to 100k and then rose back to 108k today, fundamentally it is still moving in that pattern. We only really need to pay attention when the price breaks above 115k - 120k and holds that level. Or drops to 8x and watches the price reaction at this level. Everything else in this price range doesn't carry much significance.
Some people have told me: if it runs up to 120k and then stays horizontal up there, wouldn't we have missed out on profits by being cautious at this price range?
Personally, I accept to give up that profit. I leave it for those who are 'brave', while I am cowardly so I do not participate when everything is still unclear and the possibility of falling is higher than the possibility of rising as it is now. That's it~~
As for ATLSS that you are hoping for, just hope that BTC continues to rise, or drops to 8x and then rebounds, then keep dreaming. Otherwise, if BTC drops from here, there's no need to continue discussing it to avoid headaches :((
Shifting lightly to the VN88 side of the Vietnamese stock market, I personally am not making any investments right now. It has surpassed the old peak, the government is also injecting money… but I still find it very fragile, and I need a clearer and stronger signal. You can see in the picture below that after breaking the peak, it created a very bad + weak candlestick cluster. Moreover, the volume does not support the breakout.
Ah, there is one thing that I am looking at differently from before, which is the tax situation in the US. There is news that the US may delay the imposition of tariffs on countries with good intentions. And if this happens with Vietnam, then perhaps we need to reassess the impact of tariffs on the market. As it is becoming increasingly vague.
To sum it up: at this moment, I maintain a cautious attitude towards both markets, 'cứt tồ' and vn88. I am still working and have a source of income from my monthly paycheck. I come to the financial market to make money make more money for me. And I can wait until everything is clearer before investing, earning a little is fine, missing a few waves is also okay. I don't need to rush into trying to ride every wave out there and unnecessarily increase my risk.
In the end, all my writings are for reference. I hope they can help you somewhat in the investment process. And as always, read to understand, to think, and to reflect, not to believe 100%.
And I wish all of us success on the investment journey as well as finding the 'HAPPINESS' that we are searching for 🙆