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.
Only when it is late at night and everyone is asleep can you calm down. The live broadcast during this period has touched me deeply and made me more determined to continue the training and education in the cryptocurrency circle. At the beginning, my friend said that you have such a high degree, such a good experience, and you can stand up after two ups and downs. Why don’t you do training and education? When we entered the cryptocurrency circle, we wanted to find a place to learn, but there was no place. It was all about fomo, cx, and getting rich overnight. K-line technology can be learned from stocks, but it needs to be transformed into the cryptocurrency circle. Investment research is a dimensionality reduction attack in the secondary level, and there are also on-chain data, strategies, and position management. Share your sad past and the pitfalls of the cryptocurrency circle, so that more people can benefit and avoid detours. A science and engineering man like me doesn’t like to socialize. I like to do research by myself. To put it nicely, it’s called professionalism, and to put it bluntly, it’s called social phobia! I was so nervous when I went to Binance live broadcast that I not only stuttered but also almost said the wrong thing. Later, I tried a few times before I slowly got better. I was like they didn’t know me anyway, and they wouldn’t remember what I said.
Invited to Binance Square in 2023, starting live streaming on 2024.8.6. Before that, I streamed with Cat in June and July. Although he has already left the square, we are still good friends.
Time flies, and it's been two years. Two years ago, Bitcoin was still over 20,000, and I've been streaming for almost a year. With everyone's support and recognition, BTB Research has been progressing steadily and further.
The number of students has grown from zero to surpassing three digits now. Everyone learns from each other, improves, and grows, achieving the results they want in the cryptocurrency space. I am also very happy to witness their growth, transforming from a complete novice to an independent trader who can operate and profit long-term, changing from account losses to a state of continuous profit.
Moving forward, BTB Research will continue to stream live every Tuesday and Saturday, providing a better platform for cryptocurrency friends who want to learn and grow, allowing everyone to exchange ideas and grow together.
Sun Ge is setting up to enter the astronaut village, and it is said that he will go to space on 8.3. The prominent decoration in the room is HTX Huobi Exchange, Tron his public chain, Forbes cover!
The most, most, most, most prominent is the Chinese national flag!
Sun Yuchen nationality: China
Hope to return to the country soon to contribute to the development of the motherland, and the Party and the country will also take the initiative to contact you to make contributions.
Sometimes I don't quite understand this way of thinking. It's not that it's wrong, it's just that I don't have this kind of thought.
After large drops and rises, people like to find reasons for why it went up or down. As a trader, one should find entry reasons when buying and summarize gains and losses when selling.
The market has already risen or fallen, looking for reasons afterwards is meaningless. Those who missed out still missed out, and those who are stuck are still stuck.
In trading, what needs to be done is to be forward-looking, to anticipate rises and falls, and then to take buying and selling actions. Afterward, summarize gains and losses to lay the groundwork for more precise opportunities in the next time.
BTB Investment Research Live Stream every Tuesday and Saturday at 9 PM.
Today is Saturday, and the main content of the live stream at 9 PM is as follows:
1. Outlook on the trend of Bitcoin for next week and response strategies 2. Predictions for the four major cryptocurrencies and altcoin trends 3. Bullish market strategies: how to plan and layout 4. Selection and layout analysis of targets after the bearish trend 5. How will Trump manipulate the market next 6. How should we respond in the post-tariff era 7. Answers to altcoin issues for investors who are in a loss situation (from bullish to bearish, altcoins may take a long time to recover until the bear market ends)
If investors have any other questions or are facing issues with altcoins, please leave a message in the comments section.
Bitcoin and Ethereum ETFs have begun to see outflows, with Bitcoin seeing an outflow of 800 million and Ethereum 150 million, ending the previous period of continuous inflows, especially Ethereum, which had been aggressively bought before, not breaking 4000. Now, on the first day of outflows, the price has retreated significantly, making it easy to guess that the market makers have already sold at high positions, and the volume is not small; otherwise, the outflow would not be so minimal with such a large price drop.
The weekend is mainly focused on consolidation. Bitcoin dropped to 1127 last night, essentially reaching its bottom, with 110 and 109 as support levels below.
We need to see if Ethereum continues to see outflows. If outflows continue and the capital volume expands, the probability of breaking 3000 is not out of the question.
Solana has already weakened significantly, so those trading Solana should be cautious, while BNB remains strong.
During the live broadcast, I mentioned that I am bearish this week, but bullish overall for next week. I expect a drop first before a rise.
Next week has two uncertain factors:
1. The data revision in the U.S. is clearly beneficial to Trump, and then Trump comes out saying he fired the head of the Bureau, which is a bit funny. There should be more drama to follow; Trump has a tight grip on manipulating finance, which might lead to further declines. This is my forward-looking analysis. We can just watch the drama unfold.
2. The U.S. submarine has been deployed to the relevant areas, which may intensify local tensions between Russia and the U.S., bringing uncertainty to finance as well. Capital is flowing out to seek safety.
Therefore, in the presence of these two uncertain factors, it is relatively reasonable to anticipate further downward movement. Eventually, everything will be resolved; after all, it is a performance, and there will be a rebound later.
Now we need to observe whether the subsequent rebound can break through the previous high of 123 as expected, and then enter a bear market. If it doesn't perform well, it may not break through the previous high and could enter a bear market.
U.S. non-farm payrolls in May were revised down from 144,000 to 19,000; June's non-farm payrolls were revised down from 147,000 to 14,000. After the revision, the total new jobs for May and June is 258,000 lower than before the revision.
The U.S. is really ruthless; this data must have been pushed down by Trump. It seems today's non-farm data must also be inflated. This is Trump trying to force Powell to cut interest rates.
Tariffs pose a risk of rising inflation, and now it's not looking good with such poor data. Let's see if Powell will cut rates!
Even if he cuts, the earliest would be in September; August is crucial. If things don't stabilize and there’s a big drop, it will be easier to blame the Federal Reserve, and then cut rates in September to boost the market!
Look, it’s again thanks to my Trump; make America great again!
The unemployment rate may increase tonight, and the non-farm population is below expectations.
Given that there have been very unusual data points previously where ADP was negative, and non-farm data exceeded expectations, we can only see what data the U.S. wants this time.
If it’s expected data, then it’s normal, and at the same time, the probability of the Federal Reserve lowering interest rates in September will not surge, all within a reasonable range.
It is estimated that we will see the situation of up and down spikes again shortly.
$BTC Bitcoin continues to decline as expected in the downward channel, with defensive levels at 113, 112, 110, and 107, with a critical point at 107. It is important to note that if key positions are breached, it will be considered a bear market. If it turns bearish, it is not advisable to buy in, otherwise, one might get trapped at high levels. However, Bitcoin is not afraid and should be able to rebound.
If you have invested in altcoins, be cautious. Based on experiences from the last bear market, altcoins retraced by 10-20 times. Although many altcoins have already dropped by 10-20 times now, a bear market does not signal a bottom; they could drop to any extent. Moreover, given the unpredictable nature of a non-typical bull market, it is hard to imagine how low altcoins could go.
Additionally, the US-China negotiations have been postponed for three months, and trade talks will not easily conclude. This remains a very critical issue. With the issuance of US debt unable to cover existing interest rates, RRP funds are withdrawing from speculation. The Federal Reserve is unlikely to cut interest rates in September and is still reducing its balance sheet. The US stock market may face a significant correction, and Bitcoin will not be spared.
At this stage, we are already in the tail end of a bull market, preparing for the arrival of the bear market winter. The last few bull market end-of-days vehicles were EOS and ETC; this time, the end-of-days vehicle is ETH!
Now is not a suitable time to enter the market; don't try to catch the falling knife. Capital at the peak will be very painful.
With the issuance of stablecoin licenses in Hong Kong, the stablecoin track and RWA track have entered the fast lane. China will not easily give up this track, and Shanghai and Hong Kong, as pioneers, have already set sail.
The 7 Essential Stages to Achieve Financial Freedom Through Trading
I have always wanted to explain the logic of trading thoroughly. During this time, I've been considering how to explain it so that everyone can understand it clearly, grasp the essence, and still keep it simple and accessible. When we start trading, including the trading masters and novices I have encountered, whether in spot trading or contracts, it is very difficult to sustain profitability before achieving enlightenment. The main issue is not knowing how to navigate the future, what direction to take, and how to complete it step by step. If you are coming into speculation for quick profits during a bull market, and cannot calm your mind to learn and grow, and are not very interested in trading, this article may not be suitable for you. It's best to skip it to avoid wasting your valuable time.
Recently, the US dollar index has risen above 100, the RMB exchange rate has reached 7.20, oil has fallen below 70, gold has dropped below 3300, US bond yields have fallen to 4.38, and the dollar index is declining, with short-term funds withdrawing from US stocks, moving out of gold and into US bonds.
Cryptocurrency stocks have been continuously performing well but have been in a downtrend.
The VIX fear index has also started to rise.
Market sentiment will reflect in prices, and short-term arbitrage funds have already started to exit. Both last week's live broadcast and this week's live broadcast have mentioned bearish views, and last week it was noted that funds began to flow out.
Let's see if it will directly break 1143 and drop to 112 tonight. If the ETF continues to flow out, this is quite possible. After calculating the outflow of funds, if the withdrawal is quite aggressive, 109 might not hold, and we may need to go to 107.
$BTC continues to trend downward, with support levels at 113658 and 112086. It can only change the downward trend if it stabilizes above 117818.
Tonight's non-farm payroll and unemployment rate should be positive.
ETFs have started to flow out, especially Ethereum, which has shifted from buying after the previous phase to its first selling, so caution is advised.
Both the US market yesterday and the Asian market today have declined simultaneously, and the direction is quite clear now.
The first guidelines for stablecoin license applications in Hong Kong have been released, predicting that Ant Group may qualify. If Ant qualifies, the RMB payment and stablecoin payment sectors may be integrated by China.
Global payments may undergo a major transformation, as Paypal launches a crypto version of Alipay, supporting over 100 types of cryptocurrencies. The expansion of the payment sector will benefit the promotion of cryptocurrencies, but it may not necessarily lead to a surge in token prices, similar to how the internationalization of the RMB did not result in a skyrocketing exchange rate. Objectively speaking, it will attract some volume.
The inflow of Bitcoin and Ethereum ETFs shows a significant decreasing trend.
Be cautious of risk prevention; the general rule is from more to less, then to outflow, increasing outflow, then decreasing, before starting to inflow again.
The ETF inflow data just matches the current trend; if outflows begin this week, a Bitcoin surge to 123 and Ethereum breaking 4100 will basically be hopeless.
Respect the market, don't FOMO yourself; wishful trading cannot support your dreams; only solid strength can uphold a piece of sky.
$BTC 118800 and 119800 are two important resistance levels. If we can't break above them, the outlook remains bearish. Overall, we still maintain a bearish trend.
High-level fluctuations will inevitably lead to a drop.
Currently, there are no significant positive catalysts in the cryptocurrency market to push the overall trend upwards. Reports have been released, interest rates are not being cut, and the Federal Reserve continues to reduce its balance sheet. The positive news regarding staking may actually backfire, and institutions are aggressively buying, likely to prepare for future staking to earn interest. Once they've acquired enough, they should also be ready for staking.
The uncertainty of tariffs could increase bearish sentiment. China has held firm for so long and is unlikely to compromise casually; otherwise, it would be a waste of previous efforts. The U.S. will also not back down, as that would be a loss of face globally. The most probable scenario is continued delays and uncertainty, and the market is fundamentally bearish regarding risks associated with uncertainty.
This wave of Bitcoin reaching new highs has resulted in altcoins only rising 1-3 times, with some even lower, indicating limited upside potential and greater downside risk.
Prepare for the arrival of corrections and bear markets (the current bear market won't drop as sharply as before). The wind is rising, so we must prepare for the rain. Be cautious of risks during the bullish tail market.