spicyhoney

I really hate this kind of market where news piles up. Since September 2024, it's been quite annoying. A few big shots can turn the market 180 degrees without spending a dime. The market, which is already chaotic, gets even messier when institutions get involved. The rises have no reason, and the falls also have no reason.
Whether it's left-side or right-side trading, there is always some logic and basis. When you see support and resistance levels, whether on a 4-hour or daily chart, they are as flimsy as paper. How do you trade left-side in this situation? The slope lines break every day, get suppressed after breaking, and then one candlestick can reverse it right on the spot. How do you play this? A perfectly positive slope can drop dead with just one candlestick, how do you deal with this?

This is not trading; it's dog walking and monkeying around.

Now news is coming out again, saying that Wall Street is generally not optimistic about next year's interest rate cuts, claiming that the cuts have come too quickly and that the current fundamentals do not support further cuts. Suddenly, I feel that Wall Street and the investment gurus are not much different. Aren't they just a bunch of people who say it's going up and then when it goes down, they spread FUD?

The cryptocurrency circle, with its development, has become less and less pure. Along the way, cryptocurrency players have become the most exhausted financial players. They have to care about issues around the world, pay attention to Japan, South Korea, the United States, and the Middle East. It's as if they need to monitor the news 24/7. They can't even dare to turn off the central channels, fearing that a bizarre piece of news might suddenly come out, leading to a sky-high spike or a sudden drop.

The stock market gives you a break for a week, with rest periods, while we in the crypto world have 365 days a year, 24 hours a day, without a single minute to catch our breath. Cryptocurrency players are truly suffering.

All the institutions and funds related to cryptocurrencies, as well as the big shots with vested interests, are relentlessly extracting from the cryptocurrency players. Has anyone ever cared about the cryptocurrency ecosystem? Complaining about dwindling liquidity? Insufficient trading depth? Every time a new person comes in, they get completely drained. Where do we talk about the future?

If there are no interest rate cuts this year, that would be great. It would be best if there were no nonsensical news at all. Just let us trade calmly, allowing prices to return to the market itself, instead of being arbitrarily disrupted by power and status.

After several years in crypto, I have never felt as sick as I do in these last three months.