Over the weekend, this old troublemaker Trump really knows how to stir things up. He threatens Canada on one side, and on the other he says that the best way to interfere with U.S. Treasury debt is the U.S. military. Put simply, this guy is indirectly threatening the two neighboring small countries next door. If you dare to sell U.S. Treasuries, just wait for the U.S. military to come deal with you again. In Trump’s eyes, as his little brothers, you should use your own country’s funds to help the U.S. earlier, Trump even told South Korea to hand over $10 billion to help resolve the U.S.’s debt. So why did Trump recently resend photos of the sun and talk about wanting to visit the sun? You know—think about it carefully. Now, for the midterm elections, Trump will use all kinds of tactics. I already mentioned a lot earlier, so I won’t list them all here. At its core, it’s all the same: get the data ready and win the midterm election. After he wins the midterms, whatever happens to the economy is up to him—he can jump around as he likes. As for the CLEAR bill (Clarification Act), voting in September won’t pass—90% won’t. See the text above for the specifics.
Yesterday’s article was extremely, extremely accurate. Many people were watching 80,000, 85,000, or even higher. Lao Shan has said before: don’t chase the price blindly—there will be pullbacks. Bitcoin and Ethereum have both been doing great. Bitcoin’s lowest pullback was to 75,545. Ethereum’s lowest was around $2,355. Lao Shan already said yesterday: if Bitcoin pulls back, watch 75,000. As long as it holds support there, it should rebound upward. For Ethereum, as long as it holds support around 2,350, it should also go up. Bitcoin is about a 500-point difference before and after; Ethereum is about a 5-point difference. Yesterday afternoon, those who followed and entered longs also caught that rebound. Still, as always: don’t chase blindly. If you treat the market maker like they’re a fool, then you’re the biggest fool. Chasing with high leverage is basically just “sending warm comfort.”
So next, we still need to focus on the 80,000 level above for Bitcoin—it’s crucial. Once it holds above 80,000, then that heavy pressure at 82,000 will gradually be broken through. 80,000 is the first line of defense for the shorts. 82,000 is the second line of defense. There are too many shorts right now. With the market currently consolidating, it’s likely still luring shorts to chase, and then it will pull up a bit.
For Ethereum, for now we just need to see whether 2,500 can hold firm again. Once it holds, then consider 2,600 and 2,700. For Bitcoin below, watch 76,000 and 75,000. For Ethereum below, watch 2,350 and 2,300. As for the altcoin rebound, it’s been pretty good lately. The OKB and BNB you were told to enter before—you can reduce some positions appropriately. For spot entries made below 60,000, you can also sell part of it in batches. Remember: the reason is the midterm election—not a bull run!
After taking profit, the market keeps running aggressively. You might slap your thigh and say, “I sold and missed the rest.” It really is uncomfortable to sell and miss out. But it has one good thing: 1) you made money. The core of trading isn’t to make profit from every wave of the market; it’s to profit from the portion that belongs to you. The positioning of the three-cycle system is: “Eat the fish’s body, don’t be greedy for the tail.”
When you close on reverse signals and take profit, you take the profits your system is supposed to take. Leave the rest to the other people in the market. If every time you sell and miss out, you keep regretting it, you’ll unconsciously delay closing, then start holding losses. From profit to loss, and then you take a big loss on a single trade.
There’s only one defense: if you sold and missed, just accept it + don’t chase, don’t look, and wait for the next wave. Remember: selling and missing means you already made money—better than holding and losing a hundred times more.
Everyone can also join Lao Shan’s Binance group chat. Open the homepage and join directly. If you like Lao Shan, you can also share more. Thank you for watching! #比特币创2023年3月来最强周涨幅 #BPI吁FinCEN扩大稳定币身份识别至二级市场 #英伟达AI服务器涨价超15% #Anthropic据报IPO或超SpaceX纪录 #美加贸易谈判破裂加拿大誓言反制 $BTC
