Shorted SanDisk at 1635 and predicted three days in advance that it would fall below 1500. Anyone who couldn’t hold on should go stand facing the wall and reflect, then kneel before their wife and apologize.
Happy birthday, @神之三和 ! A $70,000 bottle of Romanée-Conti hits different. I can't stream at 9 tonight, guys—the main thing is, I really love this dance.
I ran into @Shock牙医 in Chengdu. I can keep him occupied for 2 hours right now. Anything you guys want me to pass along? Local specialties or something…
I’m about to board a flight to Chengdu to celebrate @神之三和 ’s birthday. I’ve noticed that all the top KOLs are around Sichuan and Chongqing—it’s like the Jerusalem of crypto, with my old mentor as its spiritual leader. One move from him and everyone goes quiet. @天晴ETH
I’ve noticed a problem: When the market gets hit with a sudden wick, everyone in the livestream turns against you. If you tell people to go long, you’re “in cahoots with the damn market makers.” “How can you go long here?” “Don’t go against the trend.” The newbies are scared. The veterans are getting hyped. How can you get a violent rebound without a big drop? How can you get a rapid pullback without a big rally? Come on, folks—when an opportunity comes, just take it!
Three days ago, I reminded you: “If it doesn’t turn within 24 hours, then it’s about to undergo a major market shift!” Before the decline, I partially cleared my spot holdings, and I fully closed all futures contracts! Over these two days, the strategy group has kept reminding: “The trend is empty—short the bounce.” Next, let’s watch the 78,000 level. If BTC breaks down and falls below that, then the uptrend for the smaller altcoin ends. We will enter a long period of choppy consolidation. To reignite the bull market, we need to wait for the next major positive catalyst to trigger it— for example, an interest-rate cut. for example, the Israel-Iran (or Iran-U.S.) conflict fully comes to a stop.
Seeing so many colleagues head to Singapore brings back memories of the excitement of taking the team to the conference last year. This year, Old K just doesn’t have the energy for all that running around. Anyone else spend the entire National Day holiday sleeping? 🤣 Still, attending conferences is really helpful for newcomers. For the veterans, it’s just a chance to have a meal together somewhere else. Wishing the event every success!
The market is slowly grinding lower. Next, we’ll see whether 80,000 can hold. If you’re a cautious trader, you should close out all your positions and wait for an opportunity now 🍻
A major market shift is imminent. I've decided to close out all my positions. I’ve always believed that opportunities come to those who wait. For the next couple of days, I’ll join you for a little low-stakes trading.