The market is short of water, and this $BTC "water buffalo" has no pattern, which is tormenting people!

The US stock market has reached new highs every day, and there are music and dance every night, but the cryptocurrency circle is pessimistic and fearful to the extreme;

$BTC has fluctuated back and forth for a few days, hitting the stop loss of long orders;

The altcoins generally fell by more than 30%, but fortunately $CHZ ran fast. The altcoin project parties and hot money are extremely sensitive, and they will frantically ship and smash the market at the slightest sign of trouble;

Why is it so?

Referring to the previous tweet, the current market water has flowed to chips and AI; the cryptocurrency circle is no longer favored, and can only wait hard for the Federal Reserve to cut interest rates and release water to become bullish;

What is driving the cryptocurrency market?

It is harvesting! It is a double kill of long and short! It is the reverse transaction of emotions and funding rates;

The prey of project parties, market makers, and exchanges is your small melons and two dates, which will make you chase high prices with FOMO, let you sell at a loss in fear, and let you blow up your long and short positions to squeeze out their profits;

Therefore, there will be no big copycat season and no general rise before the Fed releases water;

How to deal with it?

1. Be cautious and make configurations according to my position allocation suggestions;

2. Don't give up, don't chase high prices, don't sell at a loss, and kill the main force;

3. Be patient. If the CPI announced in July is good, everything will come back; even if it is bad, it will rise again in the fourth quarter;

4. Summarize lessons, review, sort out and optimize your own trading system;

5. If the market drops to around 60,000, I will share how to go long again.