I think it’s about time we cleaned up the bulls a bit.
The U.S. stock market has gotten absolutely wrecked.
Thousands of stocks are down 40%, and tech stocks are down around 20%.
But if tech stocks surge 20%,
you still wouldn’t dare buy spot—you can only say you’re never going to make it big in this life.
The good news lately is the Square Top 100 Influencers of the Year.
It’s true: over the past two years, Square has changed rapidly and become a very active Web3 community ecosystem.
A bunch of the old KOLs on X have moved over to Square to shine, make a name for themselves, and fleece retail investors.
Anyway, there are now KOLs all over Square—more than you can count.
And there are plenty of shady operators who speed-run their way to a Yellow V. In just 1–2 months, they’ve got 100K followers. Damn, that’s faster than one of Musk’s rockets.
But their posts only get a few hundred views, or maybe 1–2K.
The bull market is right around the corner, and retail investors are about to flood in. You’ve got to get positioned early to fleece them.
I was actually thinking of trying for an award this time.
There’s a long-form writing award.
I thought it over. I’ve been building on Square for two years. I may not have many followers, but when it comes to long-form writing, I’d say I’m number two on Binance Square. I wouldn’t dare claim number one.
Just my daily BTC and BB posts alone add up to nearly 700,000 characters.
That’s damn long, right? Longer than the Great Wall, right?
But I know the judging isn’t just about how long your articles are. It also depends on your followers’ support and your influence on Square.
I’ve got a pretty sharp tongue and have offended quite a few KOLs with shady track records. I haven’t joined any cliques or formed any alliances, so I definitely can’t count on anyone to pull strings for me.
Now I can only rely on my own little patch of land.
If I get nominated and you see my name, please help me out and vote.
It’s not just an honor—I hear there’s also a 1,000 USDT prize.
Damn, that’s two months’ living expenses for my whole family. I’ve got to give it a shot.
Looking at the daily chart, BTC is still consolidating at a high level, but the highs are getting lower. The daily chart is showing signs of a pullback, and the volume pattern suggests money has been flowing out. Be cautious about going long lately. Personally, I’d consider shorting a rebound. Resistance is around 84,000.
On the 4-hour chart, short at 82,800, add to the position at 84,000, set a stop-loss at 85,000, and target around 75,000.
On the weekly chart, the candlestick pattern shows bears gaining strength, while the MACD suggests the bulls are fading. A pullback looks likely in the near term. The broader trend is still bullish, so look to buy spot on a retest around 75,000.
I want some pig trotter rice.
If you see this, please toss me a vote.
My family’s waiting for me to bring home the bacon. $BTC