It's hopeless, it's hopeless, this market is beyond saving.
But just now,
BTC got a sharp wick down.
This sell-off has finally hit bottom.
We're screwed. Is anyone still alive?
But lately I've been stressing that you should stick to spot and buy the dip on spot.
If you're fully invested and caught in a losing position, just sit tight—or hold for the long term.
With contracts, keep some funds aside. Starting today, it's time to get to work.
But as I said before, at the start of a bull market,
there'll be at least 2–3 more months of sideways trading. It can't immediately shoot back up in a V-shaped recovery.
There's still a long stretch of choppy trading ahead. We'll have to ride it out.
I woke up at 3 a.m. last night, got up to watch League of Legends, and checked the charts. I was feeling pretty hopeless at the time,
but luckily, China's BLG beat Gen and won the League of Legends World Championship.
I've stayed up late for five years watching the Worlds, and this year, at last, they didn't disappoint. Actually, I'm a patriotic middle-aged man. I've always hoped our country would keep getting better and our people would become more prosperous.
Recently, people have been saying an economic crisis is coming.
That's complete nonsense. The U.S. tech sector is doing great. Even if Jensen Huang becomes a casualty of the power struggle between the two parties, it won't stop AI from developing.
Behind the two parties' power struggle, there are surely shadowy financiers and families pulling the strings.
The U.S. stock market's rallies and crashes are all designed to help capital—or the U.S. government—milk retail investors.
The U.S. government owes so much money. It can only pull money out of the market through rises and falls. Power is a means of balancing the economy—or plundering wealth.
Don't be fooled by Trump and the Democrats shouting at each other,
they may actually be helping the U.S. government count its money behind the scenes.
The U.S. is not just a military superpower, but an economic and financial one too. Using financial tools to keep the world's wealth in America is the U.S. government's top priority. The rises and falls are all manipulated by the hidden hand behind the U.S. government. Do you believe it?
Looking at the daily chart right now, we've had a high-volume drop and the indicators have broken down. With today's sharp wick down, the decline should be over. Buy the dip in batches; support is around 60,000.
On the 4-hour chart, buy spot in batches now; wait for the wick down before getting into contracts.
On the weekly chart, the candlesticks show huge volume. The decline has run its course, and that wick down should mark the bottom. Buy the spot dip and sit tight. The MACD has a bearish cross pointing down, so a pullback is due; the high volume signals a bottom. Get into spot.
I've already called for going all-in on spot, around 62,000.
How much lower can it go? Once you've bought, just sit tight.
From here, BTC is going to 200K in the long run. Do you believe it? $BTC