Many people didn't expect that it would only take a week or so for the big brother to recover all the losses of the past four months, test the 2.5W support, and directly break through 3W, breaking the April high, reaching around 3.14W. I made an overall review based on my diary this month and the opinions of the circle. If you are interested, please take a look.

In fact, the market has been quite healthy all along. I said in May that 2.5~3W belongs to a large range of fluctuations. The bears are constantly testing. As long as they don’t break away, their strength will weaken over time.

Unless something unexpected happens, SEC sued BN and CB in early June. I said on the 5th that it would retrace, first down and then up, mainly due to the influence of artificial news, not a real decline, repeated tests, and then the big brother went from 2.7W to 2.54W. It can be seen that the support of 2.5W below is obviously unable to hold in the short term.

The plot further fermented. In fact, Wall Street achieved its goal. On the one hand, it collected chips, and on the other hand, it prepared for the launch of its own BTC exchange (announced on June 21). On the other hand, many people did not understand it, and the market was more worried. The price fluctuated from 26,700 to around 26,000. I judged at the time that this decline was a golden pit, and I could slowly cover my position, and there would still be a rebound later.

On the next day, on the 10th, several American market makers of BN ran away as soon as they saw that something was wrong, making the liquidity even worse. There was basically no support from below, and retail investors could easily smash the price by several points. I said on the 5th that it would fall back to 25,000. The big brother tested the 25,000 mark again from 265,000. It didn’t actually fall much. Instead, the copycats fell the most, and the main market makers were also the copycats. On that day, the copycats created the largest decline in history in recent months!

The Greed Index fell to 49 for the first time in June, and the panic

I made two judgments at that time: 1. Big brother and second brother have not fallen enough, and they need to fall more before you can enter the market to copy. For those who are impatient, this position has actually reached the entry point, so you can try to copy one layer, and those who have made regular investments can increase their positions; 2. Those who are trapped will come back, so don't cut them. This is time to learn how to change positions.

On the 14th, I made a special halving fixed investment portfolio, including BCH, FIRO and other B coins that will be halved next year. Because the current halving B is almost far from the historical lowest level in 3 years, I think this cost-effectiveness is worth regular investment. Even if you encounter extreme situations in the end, it is no problem to increase your position. Just invest a little bit at a time, and the rate of return will definitely be very good. On the 14th, BCH was 105.8 US dollars, and the current highest BCH is 199 US dollars, with a rate of return of 89%.

On the 10th, it was said that there would be a rebound. On the 14th, the eldest brother rebounded from 26,000 to 24,800, and the second brother fell from 1750 to 1630

On the 15th, the big brother was 25,000. Once again, I was reminded that this was an entry point in the short term. We could continue to bet on a rebound. The big brother rebounded from 2.48 to 2.57W. Some market makers also came back, and the activity of funds increased a little bit.

During this period, I saw that the price of spicy strips has gradually stabilized from 70 to around 77 US dollars. I reminded you again that you can add to your position or place a deposit, and it will reach 85-90 US dollars. The current highest price is 93, with a yield of 20%. The main reason is that the halving time has not arrived yet, and we started to build a position in spicy strips in July last year. It has been basically a year now, and the cost itself has fallen. The highest yield was more than 70%, which is not high, but it is stable.

That's it. I said on the 20th that after passing 27,000, it will continue to go up. I reminded on the 21st that the big brother will definitely test 3W again and will explode again. No matter from a technical point of view, the probability of a breakthrough is very high. Secondly, too few futures were exploded, only 223 million, indicating that there are a lot of short sellers, which is not in line with market laws. The commonality is that the more explosions there were before, the more explosions there will be this time. Then the big brother broke through 30,000 on the 22nd and 23rd, setting a new high.

Summary: You can see that the entire review process above is basically a chain of events. It seems that Big Brother has created a new high, but what is hidden behind it is not that simple. The main reason why Big Brother cannot fall is that the two forces are fighting.

The last round of bull market was dominated by Wall Street, and the biggest dealer was Wall Street, which had trapped more than 10 billion US dollars at the highest point and had been resting. FTX, CB, BF, etc. were all their trading points, especially FTX, which represented many parties.

Who would have thought that BN would take down FTX in November last year, which was equivalent to shutting off a funding and profit outlet for Wall Street. BN wanted to be the market maker. In the past six months, we can see that from November to June, it was CZ who was calling orders, BN was guiding the market, and making the market, while Wall Street did not participate. I don’t like Chinese people being the market makers, mainly because of the Chinese mentality, that is, short-term interests, and lack of broad-minded thinking. Objectively speaking, the market they guided was very bad.

Now that Wall Street wants to be the banker again, it must scramble to buy shares, establish a new exchange, and continuously acquire funds such as Grayscale. This is all for the sake of gaming. The so-called SEC crackdown on BN is also to make BN give up control. Next, you will gradually see that the bull market led by Wall Street will play a decisive role.

Now let's talk about the market. How will it trend after breaking 30,000? First of all, you have to understand that it was not the retail investors who followed the trend after the 30,000 break. The retail investors have not been on the train all along and were shocked to death by the shock. The trend was caused by the rush to buy shares, which itself does not conform to the good law. In the short term, the key position is 3.4~3.5W, and this position is likely to be touched.

The law of long-term optimism is that retail investors will follow suit and push forward together, which is destined to perform well in the first half of the year and slow down the rise in the second half of the year.

I have said before that now is the early stage of the next big cycle. This is unchanged, and we have not reached the climax of the bull market. The big brother will definitely reach 100,000 and break 69,000, but it takes time for Wall Street to build a position. There will be a series of measures such as pulling up and suppressing in the middle. It will take time to decide based on the overall situation. As long as there is a market, there will always be opportunities. To use the last words in my circle, be patient, patient, be more patient, and have a longer vision.

Finally, let’s talk about the cottage. I have repeatedly said that the collective cottage is in the process of building a second bottom, which is basically completed. Many trends are W, and now it is in the final closing / model.

Some of them have already started to rise. The third quarter is still the time for you to lay out the altcoins. The altcoins have fallen too badly. It is impossible for only the big brothers to rise in this market while the smaller ones do not rise. The funds that account for more than 50% and are not invested in BTC, BCH, LTC, etc. will be transferred to the altcoins. There will be a short period of altcoin trend, but the main thing is to lay out and prepare for next year.

Okay, I've said a lot today, I hope it helps you.