Only a little over a week has passed, and global financial markets have already started to diverge. The assets that once moved in sync are now running at different rhythms.
In last Sunday’s video, we conducted a systematic analysis of BTC, ETH, MSTR, SNDK, the S&P 500, the Nasdaq, and gold.
Looking back now, some assets are still following their original paths. For example, storage stocks represented by SanDisk, as well as gold, are still in a rebound phase in response to the previous decline.
Other assets, however, have quietly changed their pace—such as BTC, ETH, and a whole group of crypto-related stocks.
Since July 1, when BTC hit a stage low of 57,800, several of its key rallies have shared a common feature: the surge comes suddenly, often without any obvious buildup. After the run-up, it quickly enters a period of sideways consolidation, pulling the market back into a tug-of-war between bulls and bears.
This has been true from August 18–22, and it’s also been the case from September 17 to today. What makes this kind of走势 (price action) especially tormenting is that the sideways movement seems to continuously drain consensus expectations. When the market’s enthusiasm for going long gets overheated, prices first go through a deep pullback or a complicated correction. When the bears then rebuild their positions, prices may suddenly break upward and clear the liquidity above.
Every time the bears become more and more concentrated, key levels are quickly broken through. Then bullish chasing sentiment warms up again, and BTC begins to range once more—until the market loses patience again, at which point it suddenly chooses a direction.
The more complex it is, the more we need to study it. The more difficult it is, the more we must meet challenges head-on. In tomorrow’s video, we’ll do an as-systematic-as-possible breakdown of Bitcoin, so we can see clearly, understand, comprehend, and keep up with the subsequent rhythm of the market.
Join us again tomorrow afternoon for the next episode.
With the fog cleared, let’s see where the tide is going.
In last Sunday’s video, we conducted a systematic analysis of BTC, ETH, MSTR, SNDK, the S&P 500, the Nasdaq, and gold.
Looking back now, some assets are still following their original paths. For example, storage stocks represented by SanDisk, as well as gold, are still in a rebound phase in response to the previous decline.
Other assets, however, have quietly changed their pace—such as BTC, ETH, and a whole group of crypto-related stocks.
Since July 1, when BTC hit a stage low of 57,800, several of its key rallies have shared a common feature: the surge comes suddenly, often without any obvious buildup. After the run-up, it quickly enters a period of sideways consolidation, pulling the market back into a tug-of-war between bulls and bears.
This has been true from August 18–22, and it’s also been the case from September 17 to today. What makes this kind of走势 (price action) especially tormenting is that the sideways movement seems to continuously drain consensus expectations. When the market’s enthusiasm for going long gets overheated, prices first go through a deep pullback or a complicated correction. When the bears then rebuild their positions, prices may suddenly break upward and clear the liquidity above.
Every time the bears become more and more concentrated, key levels are quickly broken through. Then bullish chasing sentiment warms up again, and BTC begins to range once more—until the market loses patience again, at which point it suddenly chooses a direction.
The more complex it is, the more we need to study it. The more difficult it is, the more we must meet challenges head-on. In tomorrow’s video, we’ll do an as-systematic-as-possible breakdown of Bitcoin, so we can see clearly, understand, comprehend, and keep up with the subsequent rhythm of the market.
Join us again tomorrow afternoon for the next episode.
With the fog cleared, let’s see where the tide is going.
