Let me talk about my understanding of storage, encryption, Musk concepts, and gold:

Storage sector:

Look at the pullbacks. After NVIDIA released its earnings report, it had already reached a high level. At that time, storage also rose along with it. A pullback started last Friday. Personally, I think this week will continue to digest the positives from the earnings report, with a continued slow, steady drift lower. Then the NVIDIA theme will drag the storage theme down as well, and storage will drop more. Why do I say that? After NVIDIA’s earnings report last week, Micron rose along with it. But before Micron released its earnings, it had already started a slow decline. When the earnings came out, it popped with a big move. Even though Micron’s earnings were quite impressive, it still couldn’t withstand the collective release of market expectations from earlier trades. So for storage, I can’t think of any fresh kind of positive catalyst that could support them to keep rising, let alone break to new highs.

Crypto: This week I’m watching the pullback, mainly where the market stabilizes. After it stabilizes, there should be another wave of consolidation. It probably won’t break out that easily, or like the big bullish candles of the week before last. Consolidation is harder to trade—you really need to wait for the market to show its direction before you can roughly confirm the stabilization point, and then trade a box-range consolidation. Before it actually shows up, going long from the left side feels uncomfortable and can easily lead to getting stopped out. Personally I remain bullish, but I have also shorted. That’s a bit inconsistent—anyway, it’s just scalping. I’m always ready to run and to get stopped out by those short positions.

Musk concept: On September 9th there will likely be another round of SpaceX stock unlocks, and on September 10th, the SpaceX investors meeting may also release some positive catalysts. From the unlocks we’ve seen before, this unlock can’t be traded in advance—you must place the buy order for the SpaceX stock on the day before the unlock. If the stock has already run up too much, you can try shorting instead of taking a position days earlier. Starting to short a few days early usually results in either a late entry or getting stopped out due to losses. And if you want to trade the September 9th unlock event, I think you can only do a quick in-and-out trade—at least you should exit before the investors meeting on the 10th. Otherwise, if the investors meeting releases positive news, it could wipe out the short positions you’re holding.

Gold concept:

Let me share something I’ve noticed: the holdings of gold ETFs have already hit a new high. But the price of gold hasn’t made a new high yet.

Gold is still in a long-biased structure. On pullbacks, you can look for a suitable level to set up long positions. The last two pullbacks were basically quickly pulled back. This time, I think the pullback depth will be greater. So even though over the weekend I saw a lot of gold pulling back, I didn’t immediately enter long positions. I think there will likely be another wave of similar declines before I start adding long exposure. This morning I noticed a bit more pullback compared with the weekend, which should be due to the Iran–Israel reciprocal bombing overnight. Then I entered part of a gold position; if it continues to fall, I’ll keep adding.

Overall, after the crypto market ran up big two weeks ago, recently aside from the buzz about “My lady is Jing Tian,” there hasn’t been any other hotspot. And the MEME that was being hyped due to Brother Sun’s matter didn’t form a fairly continuous uptrend either. I also added a small position and did a quick in-and-out. This week feels like there’s limited hype. The previous hype is gradually fading, and I don’t know where the next one will be. I want to ask: could it happen in the primary market too—like more ‘bull’ type targets emerging...

The above is only my personal opinion and does not constitute any investment advice.