SK鹏于晏

Watching the child train, I bask in the sun😎

Hello everyone, please call me Peng Yuyan!

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Most people only pay attention to the allegations of corruption against senior official Yao Qian involving 2000 ETH, but they actually overlook that he is a skilled cryptocurrency trader with a strong belief in blockchain and cryptocurrency.

In 2018, he received this bribe of 2000 ETH from the project owner Zhang.

Subsequently, as everyone knows, ETH plummeted to $85 each on March 12, 2020, at which point the total value of these 2000 ETH was only $170,000.

However, Yao Qian did not sell off at a loss like most retail investors; he chose to hold firmly.

It was only when the price of ETH soared to a peak of $4000 that he sold a few hundred, merely to cash out for purchasing a villa.

Such actions allowed him to capture a 50-fold increase in Ethereum (something that less than one-thousandth of people can achieve), fully demonstrating his profound understanding of cryptocurrency.

Moreover, he has likely shifted from a gold standard mindset to a complete cryptocurrency-oriented thinking.

His insights and beliefs are indeed impressive, as he previously served as the director of the Technology Supervision Department and the Information Center of the National Securities Regulatory Commission.

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This wave of price movement indeed resembles the early part of 2022:
After a significant drop on the weekly level, the market did not collapse directly but entered a stage of "false moderation, real distribution." $BTC
Bitcoin is currently following an ascending bear flag structure—
Each rebound is weak, volume is decreasing, the bottom is rising without breaking through the upper range, a typical bearish continuation pattern.
If historical rhythms repeat,
Once this ascending channel breaks down, the lower space has not been fully released.
That round in 2022 took a full 3 months from the bear flag breakdown to the bottom.

So now this period of sideways movement should not be seen as bottoming, but more like a "patience testing period" where the main force is letting people relax their vigilance.
The trend hasn’t collapsed, but risks are brewing.
In the short term, do not blindly enter; instead, focus on the gains and losses at the lower edge of the channel.
If it breaks, it could be the starting point for a new round of "November-style" decline. $BTC

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