Crypto-爱币斯坦

Why are they masters? That is the result of thousands of trials and tribulations. How much time, energy and cost have you spent on learning how to trade? If you have spent nothing or very little, then don't ask why others can get results but you can't. I practiced trading for more than eight hours a day. It took two hours a day to find targets. I researched four projects at the fastest every day, and sometimes I could only finish one. The whole team researched all the currencies of Binance and OK very clearly, which took more than half a year. Most people would be numb after just one look at the Google spreadsheet. With so much information, we think the basic information is clear at a glance. Next, we will study the K-line pattern, market maker methods, project structure and operation. This is also the reason why currencies are not shared often. The reason is simple. Olympic gold medalists only have a few minutes or one chance to go on stage, but they have studied and practiced hard for more than ten years! When you see people sharing coins, your cognition is not at the same frequency and level as theirs, and you can't even tell whether the person sharing is an expert or not. So many people often suffer a lot in this regard. They call it paying a lot of tuition fees, but in fact, they have wasted their hard-earned money. They wanted to change their fate in the coin circle, but ended up becoming fuel for others.

Learning is important, and practice is more important. There is a gap in the middle that needs to be crossed. It is very difficult to integrate knowledge and practice.

My confidence comes from the fact that the entire team has been deeply involved in the coin circle for many years and has experienced the trials and tribulations of the coin circle, and the confidence brought by continuous learning and practice. That's why I say that each coin has its own temper, because in my heart they are not just a string of letters but people with life and feelings.

Recently, I have been communicating with the team and Roy. He is better than me at contracts; Roy was previously the vice president of a large company in Beijing before working full-time in the cryptocurrency space. His strategy is to earn a living through contracts, play with small funds, and previously held large funds in ETH. He sold out when Ethereum was between 3500-4000, cleared out his altcoins after making over 2 million, and then discussed accumulating coins with me. I suggested he accumulate Bitcoin entirely, leaving only a small position for altcoins, which he also did, entering Bitcoin at 800-740.

I am not skilled at contracts; many people are better than me. I know that the difficulty of contracts is more than ten times that of spot trading. I engage in contracts to overcome my previous fear of him. Having lost so much, it's impossible not to have psychological shadows. The person I am now is not the same as the one who lost money a few years ago. Time remains, I am still that young man (I still really like the song 'Young').

I have given up the 20x strategy from a few days ago, abandoned altcoins, and will only focus on Bitcoin. In the process, I lost 1/4 of my funds, but I will continue. The funds are not large, and it will not affect the overall layout; this is the correct way to lose money.

I will share in my article the entry points and reasons, not to have you trade with me, but to ensure that each time I take action, there is sufficient reasoning. I will write out the reasoning; if I'm wrong, I'll admit it, and if I'm right, I'll reap the rewards. Trading is a battlefield; it's either you die or I die, there is no third option. Sun Tzu's Art of War says the highest level is to defeat the enemy without fighting. In trading, if one must say there is such a thing, it's contract rebates, which will never incur losses. I won't engage in that; I trade only for myself.

If you insist on trading with me, let me say this upfront: whether you make money or lose money is your own responsibility. If you lose money and blame me, sorry, I will respond to you politely. Does making money have anything to do with me? I do not take trades; I only share. The decision to trade or not is in your hands, and the decision to read my articles is also in your hands.

Lastly, I want to say one thing: cherish life and stay away from contracts.

If you do not understand candlestick techniques, do not know position management, do not understand strategy planning, do not know the methods of market makers, cannot analyze international trends, do not understand psychological management, and cannot do elementary school math (contracts require calculations), if you don't understand investment research for altcoins, absolutely do not touch contracts; you will die a miserable death, and the worst case will be a broken family (if you have a gambling mindset).

I tried playing with the imitation derivatives, but later felt it wasn't viable; it's easy to get tempted and keep opening positions. Although you won't die, you can't withstand the funding rate of once an hour, and I ended up paying a lot of funding fees, even more than the principal I initially bought. In a way, this is how exchanges make money.

Why do they encourage everyone to trade derivatives? Is it to get rich quick? Actually, it's to earn transaction fees because you’ve added leverage, making trading more frequent than with spot trading. Although the funding rate isn't collected by the exchange, it invisibly increases the trader's costs, and of course gives the counterparties a chance to profit, which undoubtedly raises the difficulty level of trading derivatives and the dimensions of strategic thinking.

I believe trading should be a simple matter, not made overly complex with various changing rules and factors! This causes trading to drift away from its essence, spending energy on rules outside of trading itself, so establishing a trading strategy that suits you is very important to reduce unnecessary consumption!

I opened a short position at 106157, with a stop loss at 107214 and a take profit at 105214.

Why did I open a short position at this level?

After the conflict between Musk and Trump, Bitcoin quickly rebounded over the weekend with significant strength, breaking through the 103 level and continuing upward. The upper pressure zone's peak is around 107; we can see that at 106800, it is already at the end of its strength, and from the volume perspective, there is no more energy. If it wants to go up, it will also need to make a retracement to the midline at the 4-hour level before continuing upward, and the point where it touches the midline is the take profit point.

Additionally, I anticipate that U.S. stocks will decline, and Bitcoin will likely follow suit.

At the same time, I predict that the China-U.S. negotiations won't be so smooth, as the representatives excluded by China cannot make decisions, indicating that the negotiations are likely to be unfavorable. The U.S. still takes this matter seriously.

California is in a state of emergency over the immigration issue; will one state in the U.S. affect the market? Yes, this state accounts for over 50% of U.S. GDP, similar to the influence if there were problems in Shanghai, China. (As Luis told me)

Overall, I still see a bearish trend this week; U.S. inflation expectations and consumer confidence are both leaning bearish, and the lack of liquidity in U.S. stocks is a fact.

Let's see if this time I take profit or stop loss!

Today, the main topic of the China-U.S. negotiations is the discussion on China's fentanyl and transshipment trade.

China has opened up on rare earths, but the vice president's words do not carry weight and cannot make the final decision.

The U.S. mainly discusses rare earths and other trades, and both the Secretary of the Treasury and the Secretary of Commerce can make decisions.

It is evident that the importance placed by both sides is different. We can only wait for the negotiation results; if we were to predict, it might lean more towards not reaching an agreement, as the U.S. wants to regain face and will be relatively tough.

In the end, we should just wait for the results; speculation is merely our own imagination.

Today I am no longer experiencing diarrhea, thank you all for your concern.

Yesterday's live stream lasted from 9 AM to 6 PM, a total of 9 hours. The replay of the live stream was automatically generated by Binance, and it is currently unavailable for listening. I have already reported this to Binance, and fellow crypto enthusiasts, please wait for Binance to address it.

Here is a brief summary of yesterday's live stream:
1. The conflict between Lao Ma and Trump is mainly due to conflicting interests and will not last long.

2. Trump was able to become president mainly because the image of the American elite has collapsed; people prefer genuine individuals. The elite do not succeed solely through their efforts but rather rely on family background and resources.

3. During the live stream, I shared more about cryptocurrencies, among which Huma and Anima made direct profits and exited.

4. BTB research students, An An (Wan Wan) exchanged ideas about the crypto world and life, including experiences of being scammed and the learning process with BTB. Wan Wan, a girl, was straightforward; the crypto friends helped her get back into the dating scene. An An wants to travel to Chongqing in mainland China.

5. Chuan Yue hasn't been in the live stream room for a while. He is optimistic about Bitcoin reaching 120,000 to 150,000; the timing is uncertain. If the RWA and stablecoin legislation progresses smoothly, ETH will be the best decentralized public chain, and there will be significant price increases in the future. I mentioned the need to pay attention to the total supply increase; various public chains like SOL, ETH, DOT, AVAX, BNB, TRX might perform well, and there may also be a new public chain emerging. The future of RWA could reach 900 trillion, and tokens supporting public chains will likely see significant price increases.

6. We discussed the issues facing Wan Wan and historical events between China and India, as well as their impact on the future of Bitcoin.

7. We discussed the mindset and operational techniques related to contracts.

For specific content, please refer to the live stream. I apologize; everyone got carried away, and the live stream lasted for 9 hours, so I am a bit worn out.

On Tuesday night at 9 PM, two crypto friends will come to share and discuss, mainly about trading and the situation in the Canadian crypto market. Everyone is welcome to participate on time.

The Binance software has been updated and categorized, making it easier for my cryptocurrency friends to search by category.

The live stream just ended, old friends from before came over, talking about the crypto world and international situations, the future of the crypto world.

I really need to sleep now, can’t do it anymore, after nine o'clock usually just over two hours, it's over, today I streamed for about eight or nine hours.

People can't handle it either. Tomorrow I'll take a day off. Sleep.

Just a reminder, tomorrow, that is to say today, Bitcoin might need to pull back to 104-105 so be prepared.

I'm so tired, just want to sleep, whatever.

Federal Reserve Survey: 52% of Americans Cannot Handle $2,000 Emergency Expenses, Inflationary Pressures Continue to Intensify

This is certainly not a good thing, and it is very likely that we will see bearish trends on Monday and next week.

On June 7, the important macro data release points for next week are as follows:
Monday 22:00, U.S. April wholesale sales month-on-month;
Monday 23:00, U.S. May New York Fed 1-year inflation expectations;
Wednesday 20:30, U.S. May CPI data;
Wednesday 22:30, U.S. EIA crude oil inventories, Cushing crude oil inventories, strategic petroleum reserve inventories as of June 6;
Thursday 20:30, U.S. initial jobless claims for the week ending June 7, U.S. May PPI;
Friday 22:00, U.S. June 1-year inflation rate expectation preliminary value, U.S. June University of Michigan consumer confidence index preliminary value.

Yesterday I had chicken offal noodles, and today I've been having stomach issues all day, now I'm still feeling dizzy. I can't eat chicken offal noodles anymore; I should stick to lamb and beef noodles.

When I was eating last night, I felt something was off; the noodles weren't cooked properly, and the chicken offal was too spicy, unreasonably spicy.

I'm going to lie down for a bit; otherwise, during the live stream tonight, you will only hear my weak voice.

BTB investment research live stream every Tuesday and Saturday at 9 PM, tonight at 9 PM we will mainly discuss the following topics:

1. The love and hate relationship between Mr. Ma and Chuan Chuan
2. Why Chuan Chuan is still accepted by the American public and elected president despite being abandoned by many
3. What impact do China-US negotiations have on the cryptocurrency market
4. The trends of Bitcoin and the four major cryptocurrencies

I don't want to talk anymore, you take a look for yourselves, what the heck! $MASK counterfeit, is this how you all play? A hundred times to set sail! What about integrity? Counterfeit season?!

I don't know who is next, I hope it's not because of greed that you take the last baton!

CITIC Securities: The positive policy expectations for stablecoins are beneficial for the upward trend of cryptocurrencies

CITIC Group, which is wholly owned by the State Council of China, holds 50% of the shares in CITIC Securities

CITIC Group was the pioneer of the DXP reform and opening up, which is why the location of the CCTV building was chosen here; it was because CITIC Group had its sights set on this place, so others had to give way.

His statement suggests that the Chinese government has been paying attention to stablecoins for a long time, and the self-initiated stablecoin legislation in Hong Kong on August 1 also indirectly reveals China's stance.

This message is forwarded, and it's unclear whether James really did this. The key is that this method is quite common; many times, what we see is just the tip of the iceberg.

On June 6, Mirror Tang (@mirrorzk), the founder of Web3 security company Salus, posted on social media stating that since March of this year, Chinese law enforcement has cracked three cases of cryptocurrency money laundering using HyperLiquid. The operation method involves using Hyperliquid's high leverage liquidation mechanism to hedge and clean up illegal gains, creating liquidation losses on HyperLiquid while simultaneously profiting from reverse positions on centralized trading platforms, completing the money laundering process. Salus will publish a research article in cooperation with law enforcement agencies to officially disclose this information in the future.

Mirror Tang also pointed out that the structure of this strategy is highly similar to the operation path of the whale James Wynn, who recently opened high-leverage contracts and ultimately withdrew $100 million in profits. Mirror Tang urged Hyperliquid co-founder Jeff to pay attention to this issue, stating that if the current lack of risk control measures cannot be resolved, they will face a high risk of regulatory intervention.

Today’s news about James feels similar to my initial thoughts; let’s see what he has posted!

James Wynn's confession: Realizing that he has long lost control, but while wanting to recover losses, he fears being ridiculed.

James Wynn: Unwilling to leave empty-handed, he will scrape together small assets from his old wallet to make a comeback.

James Wynn posted a confession 5 hours ago, expressing that he understands he has lost control and is essentially gambling; he wants to recover losses but is afraid of being mocked for ‘not being able to keep even 100 million,’ which leads him deeper into the pit.

It’s quite relatable; I feel it’s like my former self. Many who engage in contracts have gone through this, ultimately leaving the game after losing everything, saying goodbye, never to return, just disappearing.

Because the principal is gone.

Learning is a challenging process, success in trading requires understanding through practice. Only by learning can one continue to profit in the cryptocurrency market and go further.

Your success is my greatest pride.

Somewhat favorable, now Trump is going to call on Powell to cut interest rates.

Look at how good this employment data is, and when the inflation data comes out good too, shouldn't you lower the interest rates as per the procedure, it meets the requirements.