Before Trump, many people are that if you’re in front of Buffett, you’re just a rookie. In politics, if the economy isn’t good, it will turn good too. All kinds of positive news keep coming out one after another. Even during the day, Coca-Cola hit a new high. Now, before the midterm elections, all the false impression that the economy is doing well can only mean one thing: it must be won. If they don’t win, they will be impeached. With U.S. Treasury bonds breaking through the $4 trillion (40 trillion billion) threshold, what Trump wants now is for others not to sell U.S. Treasuries, so it won’t affect the U.S. economy. After the midterm elections, interest rates can be hiked anytime—then it will come right away. Don’t be misled by the illusion. Next, everyone can look at the chart of U.S. Treasuries below. During the Biden era it was only $2.8 trillion; under Trump it directly broke through $4 trillion. No need to say more—if you understand, you understand.
Then let’s take a look at the market. Yesterday, big pie (BTC) also finally did what it was supposed to and reached the 80,000 mark. Earlier, Old Shan said that 80,000 is the first defense point for the bears—once it breaks, you’ll have to push up toward the previous high, above 82,000. This time, the bulls pushed upward, and although the bears managed to hold this round, next time it won’t be that lucky. Don’t be stubborn and go against the trend. Next, we should still focus on the two key levels below: 76,000 and 75,000. As for above 80,000, watch whether it can break again and—more importantly—hold steady. For Ethereum, not much to say right now: 2600 to 2700 is a relatively heavy resistance zone. To break through this resistance, you must stand firm above 2500—that’s the key point. Below it, focus on 2400 and 2350. For alts, the current rebound is actually not bad—looks like a bull, but it’s basically… you know what I mean. If you understand, you understand!
No matter what you do, there are people who make money—but it’s definitely not that most people can make money. In the crypto market, there are basically only these two types of people who can earn money. The first is that they accumulate experience over the long term: they spend time and energy, even lose money and pay tuition, year after year, and then once they reach a certain level, they can make a lot of money. The other kind is that they have an extremely steady mindset and they listen to advice. For example, not long ago when the big pie (BTC) was bouncing around at more than 60,000, many people who were below 60,000 listened to the advice and bought/entered—then when it ran up to 65,000, they got scared and sold, worrying it would go to 50,000, or even 40,000. In the end, in the last three days it surged to above 70,000, and in a week it jumped to over 80,000. Only a small portion of people got those results—making 20,000 points within one week. That’s really a tiny minority. Most people are: you give them the opportunity, they can’t seize it; when it moves up a little, they want to run; when it dips a little, they get scared. In the end, they just eat small profits and then chase higher prices, and finally they get trapped and cut loss. Actually, a normal mindset is very important. If your mindset isn’t stable, go practice more—don’t fight against the trend.
