As the former air-raid commander who firmly believed in BTC during a long bearish market, and in a MicroStrategy-esque spiral of death (those earlier followers of mine know), I’m going to explain why I can catch this bull market train.
The simplest truth—and also the hardest to do—is: always respect the market, respect price, and respect the candlestick chart.
Looking at the earlier candlesticks, you can see that even after a series of negative events like MicroStrategy selling coins and developments such as AI and quantum computing breakthroughs, BTC still managed to hold around the 60,000 level and trade in a tight range. In a bear market, futures/contract funding is generally low, so we can draw the conclusion:
“At around 60,000, there has always been capital coming in to buy spot.”
So after the U.S. Treasury Secretary Bessent announced the swap of short-term debt for long-term debt, once BTC officially began to move, I got on board with hype right away—buying from 62 to 73.5.
Next is also a very straightforward logic: after the 7.15/7.16 clear and transparent bill failed and the Fed raised rates, but the market didn’t break down—this proves there was basically no selling pressure left.
So after observing how the market reacted for a while following the rate hikes, I got on hype again and built my position at 79.
The second move is an extension of the awareness gained from the first move. If your judgment of the market is wrong the first time, then your second judgment will also be wrong—resulting in missing out on the easiest possible run.
Back to the beginning of this article: always respect the market, and always challenge your own fixed beliefs—only then can you make infinite progress.
That’s all.
The simplest truth—and also the hardest to do—is: always respect the market, respect price, and respect the candlestick chart.
Looking at the earlier candlesticks, you can see that even after a series of negative events like MicroStrategy selling coins and developments such as AI and quantum computing breakthroughs, BTC still managed to hold around the 60,000 level and trade in a tight range. In a bear market, futures/contract funding is generally low, so we can draw the conclusion:
“At around 60,000, there has always been capital coming in to buy spot.”
So after the U.S. Treasury Secretary Bessent announced the swap of short-term debt for long-term debt, once BTC officially began to move, I got on board with hype right away—buying from 62 to 73.5.
Next is also a very straightforward logic: after the 7.15/7.16 clear and transparent bill failed and the Fed raised rates, but the market didn’t break down—this proves there was basically no selling pressure left.
So after observing how the market reacted for a while following the rate hikes, I got on hype again and built my position at 79.
The second move is an extension of the awareness gained from the first move. If your judgment of the market is wrong the first time, then your second judgment will also be wrong—resulting in missing out on the easiest possible run.
Back to the beginning of this article: always respect the market, and always challenge your own fixed beliefs—only then can you make infinite progress.
That’s all.