Standing on the balcony, I smoked a cigarette as the sky slowly darkened, and the weekend was almost over again.
This week’s market was actually pretty lively. BTC surged from 75,000 to 80,000, then got dumped back down, only to rally again—big swings of several thousand points back and forth. Both sides, bulls and bears, had people getting liquidated. I scrolled through my朋友圈 (social feed). Some people were showing off profits, others cursing, and some pretending nothing happened. It was pretty much the same as every weekend.
I personally didn’t do much this week. I held spot, and with a small position I played two swings—just made enough for grocery money. In the past, with this kind of choppy, ranging market, I would definitely have jumped in every day, unable to sit still if I didn’t trade. But not anymore. I’m older now, more cautious. I know that some money isn’t meant to be earned by me.
A lot of people ask me how next week will go. Honestly, I don’t know.
After doing trading for so many years, I’ve become less and less willing to predict. You think you’ve understood the trend, and the market slaps you in the face in a second. You think it’s definitely going down, and it shows you otherwise by going up instead. In the end, you realize that being right a few times about the market isn’t that impressive. The real skill is being able to survive in this market for five or ten years.
As for what happens next week—let’s talk about it next week.
Previously I thought that trading, like any other industry,
was the same: as long as you worked hard enough, you could get ahead. So I stared at the charts for 16 hours every day—drawing K-line charts over and over, studying dozens of indicators, scrolling the news nonstop for 24 hours. Even when I slept, I kept my phone under my pillow. Whenever the market moved, I’d wake up. And what happened? The harder I tried, the more I lost.
Later, it gradually clicked for me: Trading isn’t like construction work. It’s not that if you do one more hour, you’ll earn one more hour of money. Quite the opposite. The more frequently you trade, the higher the probability you’ll make mistakes. The truly profitable trades are often the ones you wait for, not the ones you force into existence. Patience—waiting for the right opportunity, patiently holding the correct position, patiently letting profits grow on their own— those stretches of time when it feels like you’re doing nothing, are actually the most valuable part of trading.
It’s kind of ironic when you think about it: When I first started, I was always hunting for opportunities, always wanting to trade. In the end, I lost terribly. Now, I might only make trades once or twice a week— and yet I earn more than before. So sometimes I wonder: are we really competing with the market, or are we competing with our own “reluctance”? Reluctant to miss any market move, reluctant to let the money in the account sit idle, reluctant to just watch other people make money… In the end, I realized: all that reluctance is a trap. Slow down. Do less. And you’ll go farther.
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#spxc I have never regretted not meeting you at the best time. Only after I met you did I realize that every day is the best time. One lifetime is but a fleeting moment; one city of mountains and waters; one year’s worth of springtime. One city of misty rain, one pavilion. One flower blooms only for one tree. In this world, how many people are truly in love? There are thirty million words in the world, and only the word “love” is the most painful. There are three thousand illnesses of life and death, and only longing cannot be cured. I don’t understand how to love. I don’t comprehend what love really is. Only after meeting you did I realize it wasn’t that I couldn’t—it's that before, none of the people I encountered were as right as you. Loneliness is simply the norm. When you meet others, you don’t have to say much—deep feelings are not as good as steady companionship. Deep love doesn’t require many words. I hope that every day, when you’re at your hardest, when you feel abandoned by the whole world, when you feel like sitting quietly in a corner just to watch this world, I will sit by your side. I will list many of your strengths and tell you how amazing you are. I will tell you that in this world, 100% of what’s beautiful is real—the light of your face accounts for 99.9%. Love at first sight is too superficial; love grows with time and becomes too pale. Before meeting you, seeing mountains was mountains, seeing water was water. After meeting you, waves surge and billow, and the vast mountains rise and fall. It seems like everyone in this world is exchanging looks and unspoken feelings, but I don’t know why I’m willing to cross through all the crowds and sea of people—only to look at you alone. Because life is like the ocean: at times it’s tumultuous waves, and at times it’s calm and windless. But no matter what I encounter, I just want to tell you that I will always be by your side. And I want to tell you: I like you not because you’re exceptionally good, but because the meaning you give to my life is one nobody else can replace.
Gold in One Night Falls Below 4,500; Silver Plunges 4%; “Interest-Free Assets” Get Beaten Up Together
Last night, it wasn’t just the crypto market that got smashed by Woosh’s broadside—gold and silver went down too.
Spot gold closed down 2.95% to $4,453.67 per ounce, breaking directly below the 4,500 level and marking its worst single-day performance since early June. Even worse was the intraday move: gold was up nearly 1% at one point. After Woosh took the stage, it suddenly dumped—classic “catching the falling knife” action at high levels.
Silver was even harsher. It crashed 4.16%, closing at $66.33 per ounce. Earlier it had still been up more than 2%—in just over an hour, it gave it all back.
Why did gold—“the king of safe havens”—crack? Because last night’s hawkishness from Woosh was textbook-level. Bloomberg calculations: measured by the immediate increase in the two-year U.S. Treasury yield, it was the most hawkish Jackson Hole speech since 2009—more aggressive than the two remarks from Powell in 2022 and 2023. The two-year U.S. Treasury yield closed at 4.356%, a one-month high. The 30-year yield moved back above 5.2%, the highest level since 2007. The U.S. dollar index rose 0.5%.
The logic is simple: gold doesn’t pay interest—when interest rates are higher, the opportunity cost of holding gold rises. One level deeper: this round of gold’s rally was driven by a “depreciation trade” fueled by the surge in “U.S. Treasury holdings above $40 trillion plus the Treasury’s buyback/repurchase program,” with the market betting that the Fed would coordinate with the Treasury to suppress yields and, in effect, ease policy. The result: Woosh stated directly that financial conditions are not tight, and that he mainly manages prices. The core assumption behind the depreciation trade was immediately disproven.
Gold and Bitcoin fell together last night—that was the signal: the market shifted from “betting on currency depreciation” to “betting on Fed rate hikes.”
Can the “safe-haven” story of gold still be told? Or is this round’s real safe haven only cash and short-term Treasuries? #1688家族family $BNB $SOL
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Sometimes the most beautiful moments are often the simplest ☕🌹✨ A peaceful stretch of time, a warm cup of coffee, and a little bit of everyday beauty. ❤️
Bitcoin ($BTC) dropped 3.4% to around $77,383 after facing strong resistance near the $80,000 zone. The move looks like a short-term reset with profit-taking and leveraged long liquidations adding pressure to the market.
Now, the key question is whether buyers can defend the $77,000–$77,500 support zone. Holding this area could keep the broader bullish structure intact, while a deeper break may lead to further consolidation before the next major move.
Meanwhile BNB is showing relative strength despite the market weakness. The $580 area remains important support while reclaiming momentum toward $620 could put bulls back in control.
SOL remains one of the higher-volatility coins to watch. The $135–$140 demand zone is critical while a recovery above $155 could signal renewed bullish momentum.
For now, patience matters more than chasing candles. BTC’s reaction around $77K may give the clearest clue about the market’s next direction. 📊
Are buyers ready to defend $77K, or could Bitcoin see another leg lower? #NYSilverFuturesDrop3% #TrumpSaysUSReachedVenezuelaOilDeal $BTC
🧧🔥🔥🧧 Some say the crypto world is ruthless, but reality is even more ruthless! For clients in the real economy, a few years ago they still had assets in the hundreds of millions; now they’re insolvent. They can only stay on guard outside their clients’ factory entrance at 1:00 a.m., transforming into a nightingale—watching to see if the client might shift their assets. Don’t envy their glamorous appearance on the surface; in fact, they may already be riddled with holes. You can’t possibly be lucky all the time. At any moment, getting big results and leaving promptly to enjoy life is the most correct choice!
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