A9区块链研究院

Newcomers must first complete the "original capital accumulation"
It's not about making you rich overnight, but about giving you the freedom to focus on the career you want to pursue.
It could be getting a large airdrop, allowing that money to earn interest, so that you no longer have to struggle to survive, and you're not led by the market.
What does it mean to have completed the original accumulation in the crypto market?
It's not A7 or A8,
but——
Even when the market is cold and there aren’t many opportunities, your positions, your holding strategy, and your profit methods can keep you from feeling anxious, from being forced to go all-in, and from needing to chase trends every day.
This money could come from a project you are invested in that has multiplied several times,
or it could be the principal accumulated from multiple small-scale practical operations,
or even earned slowly during a bear market by participating in activities.
There is only one logic:
This money becomes your confidence, not your burden.
Why is this difficult?
Because this market is designed to make it hard for you to make money.
Once you complete your original accumulation, you won't be rushing every day, you won't be blindly FOMOing, and you won't be harvested by emotions.
This is not allowed by the "market machine."
So from the first day you enter the circle, everything is pushing you to lose your money back:
New narratives, popular projects, KOL traps, airdrop illusions, anxiety about getting rich, crowd effects, short-term temptations...
When you make money, it tells you: keep increasing your position, this time is an unlimited bull market;
When you lose money, it tells you: try again, you can definitely turn it back around.
The consumption in the crypto world isn't about buying cars or watches,
it's about chasing one opportunity after another,
from "I must seize a big opportunity"
to "How did I end up gambling again?"
The ultimate principle of original accumulation is simple:
First, aim to preserve your principal, then seek compound interest, and only then look for opportunities.
It's not the project that makes you financially free,
it's that you first become someone who won’t be led around by the market.
When you have a sum of money that is secure, are willing to act calmly, don’t panic when you miss out, and can settle down to build your chips during a bear market,
your original accumulation is complete.
From that moment on,
you are finally no longer the fuel for the market.

#A9 Research

[Today's Morning Session] ETH

📈 Yesterday's Recap: Slight Bullish
Up 0.86%, 28.58 points, small movement;

📈 Today's Expectation: Range-bound
Current trend is at a high level. Today is expected to be range-bound, having reached the 4-hour resistance. There may be a pullback during the day, with a range-bound pattern. Focus on intraday trading and observe lower time frame indicators for high-probability opportunities.

📈 Trading Recommendation: Range-bound
Range-bound between 3280～3330

In a 2026 January interview, Musk presented a 2000-day countdown and other key judgments, affirming China's strengths while highlighting global transformation challenges:

Key Forecasts

1. Technological Singularity Has Arrived: AI will surpass individual humans in 2026, exceed the collective intelligence of all humans by 2029, and within three years, Optimus robots will perform surgeries at a level superior to top doctors.

2. Energy and Computing Power: Electricity has become the core resource in the AI era. China's energy infrastructure (ultra-high voltage, photovoltaics) leads globally, and its power generation in 2026 will be three times that of the United States.

3. Workplace and Economy: White-collar jobs will be most impacted by AI, while blue-collar jobs will be replaced by robots within three years—'demographic dividend' will vanish; chip embargoes are futile, China will eventually break through, and the AGI competition will be dominated by only three players: xAI, Google, and 'China's National Team'.

4. Education and Society: Traditional schools will retain only social functions; 'intensive parenting' will be ineffective; those who can ask questions and command AI will have an advantage; universal high income may be achieved in the future, making pensions less meaningful.

Implications for China

China holds an advantage in energy infrastructure, but manufacturing must rapidly transition to 'smart manufacturing'; the education system must adapt to the new demands of 'human-machine collaboration', with a transformation window of only 3 to 7 years.

The quality of information varies significantly across different social circles, especially financial information, which leads to the phenomenon where the rich get richer and the poor get poorer.
In low-income groups, financial information within their circles mostly revolves around lotteries, gambling (such as sports betting), online loans, and speculative investments in junk cryptocurrencies—essentially gambling on luck. Slightly better options include bank wealth management products with high risk of failure and various private 'pension plans,' among other traps. Or high-interest deposits from small banks, and investing in the A-share market.
In high-income groups, financial information typically includes U.S. stocks, especially large index funds with extremely low fees, such as VOO, or U.S. Treasury ETFs, or even Bitcoin. At worst, they might have U.S. dollar time deposits from foreign banks.
Even if both groups have only 300,000 yuan for asset allocation, the gap in the quality of information they're exposed to will cause the former's assets to continuously shrink while the latter's grow steadily.
This phenomenon is known in economics as the Matthew Effect, which describes the situation where 'the rich get richer and the poor get poorer.'
"For whoever has will be given more, and he will have abundance; whoever does not have, even what he has will be taken from him."
— Matthew 25:29

💰The core link of cryptocurrency-related black and gray industry: the fleet (popular science article)
Today, let's talk about an important role in online fraud + offline cash withdrawal and exchange for cryptocurrency cases—the 'fleet'.
Fleets belong to the downstream of the black and gray industry chain involving telecom network fraud and online gambling. They specifically refer to criminal organizations that provide money transfer channels for illegal activities such as fraud and gambling. Don't be misled by their name—these aren't people who drive vehicles, but rather move 'dirty money'.
Fleets are a crucial component for the success of related criminal activities: on one hand, they take on money laundering tasks from upstream fraud and online gambling projects; on the other hand, they organize members to receive, transfer, and launder illicit funds. Finally, after deducting handling fees, they return the cleaned funds to the upstream in the form of virtual currency (usually USDT).
Fleet roles: A complete fleet consists of multiple personnel roles, including the fleet organizer, card merchants or code merchants who provide bank cards or payment QR codes, and drivers responsible for transferring and dispersing funds.
Of course, in some large fleets, more roles may be involved—for example, in certain gold money laundering fleets, there could be: fleet leader, card merchant, scout, lookout, card swipers, gold transporters, scrap dealers, cryptocurrency traders, and technical personnel. Each member has specific responsibilities and works closely together to quickly complete the money laundering task. In smaller fleets, one person may take on multiple roles.
Additionally, in some cases, card merchants, code merchants, and cryptocurrency traders, seeking higher profits, gradually become involved in fleet operations, evolving from mere support members into organizers or participants of the fleet.

The Ten Levels of Making Money, Which Level Are You On?
1. Capital: Capital doesn't just refer to a person; it's the endpoint of business, the magic wand at the top of society's demand hierarchy.
2. Top Executives: CEOs, CFOs of high-tech, high-end companies, with technology at the core.
3. Influence Monetization: Leveraging personal networks, relationships, fame, and traffic.
4. Knowledge Pay: Transforming personal expertise into courses or consulting services for payment.
5. Financial Literacy: Finance requires certain knowledge, and it's also a form of thinking.
6. Professional Skills: Earning income by working with professional skills.
7. Master Craftsmanship: Earning income through exquisite craftsmanship and skills.
8. Physical Labor: Mainly relying on selling physical strength to earn wages.
9.
Windfall Gain: For example, winning the lottery or inheriting wealth.
10. Daydreaming: If you don't change your mindset at this level, you might as well go to sleep early—the longer the dream, the better.

Recently noticed a new phenomenon: YouTube is recommending many channels related to philosophy and psychology, and their content is mostly AI-generated, whether it's voice, images, or text.

However, the production quality is quite high, and many pieces of content are quite profound. Moreover, since everything is generated by AI tools, the output is also very high—some channels upload one, even two new videos daily.

I suspect the creators behind these videos have mastered an industrialized, large-scale, and rapid production process for high-quality videos. The business model aims to gain massive traffic at low cost to earn advertising revenue on YouTube. Meanwhile, the influx of competitors and the continuous evolution of AI tools will force all video creators to constantly improve their content quality.

As an audience and consumer, it feels like we've shifted from eating chickens raised in family-run farms (expensive and inconsistent in quality) to eating chickens from industrial farms (affordable and consistently reliable in quality).

I believe similar phenomena will rapidly and pervasively sweep across all fields.

Wyckoff Trading Method Core Mnemonic:
1️⃣ Cycle Four Phases Set the Landscape
Accumulating shares builds strength as the bottom rises, don’t panic and flee at false breaks;
When rising with volume breaks the neckline, confirm the trend and follow the momentum.
Distributing shares at peaks gradually lowers, with shrinking volume and stagnant prices signaling bears;
When breaking down with a sudden volume spike, decisively exit to avoid the storm.

2️⃣ Volume-Price Rules to Determine Authenticity
When supply exceeds demand, prices must fall; when demand surpasses supply, prices soar;
If effort (volume) is large but results (price) don’t match, focus on reversal signals closely.
If a breakout comes with massive volume, the probability of trend continuation is high;
With waning volume, a false breakout lurks, beware of the springboard trap.

3️⃣ Causality and Time-Space Conceal Mysteries
Accumulation is the cause, and rising is the effect; distribution causes a drop, leading to falling results;
The range is set by the horizontal period, as time settles and nurtures waves.

4️⃣ Strict Execution of Trading Discipline
Enter long positions when accumulation turns to rise, and enter short positions when distribution turns to fall;
Set stop-losses beyond support, and take profits at (top) signals to sell.
As long as the trend remains unchanged, hold positions steadily, and don’t be greedy during counter-trend rebounds;
Capital safety is paramount, and excess returns will naturally follow.

Notes
False Break on Springboard: In the late stages of accumulation/distribution, false breakouts often occur, triggering stop-losses before reversing.
Volume-Price Divergence: Rising with shrinking volume or falling with expanding volume indicates trend exhaustion.
Causality and Time-Space: The longer the horizontal period, the greater the potential after a breakout.

In today's market, the price of Bitcoin started from around 69,000 and rose to around 75,000 in a few hours, indicating that the rise here was greatly affected by the news of the US election. Many of us still underestimated the impact of the news, so many people either ran too early or were shorted in the middle and were trapped.

In recent market analysis, I personally always emphasize that if there is news stimulation, it is not ruled out that Bitcoin can reverse again. The technical judgment of the market is basically based on the existing structure, form and indicators. When the decline is strong and destroys the rising structure, we tend to rebound and cannot exceed the previous high point. However, when the news with a greater influence appears, it can completely change the short-term situation and make the market go beyond expectations.

So after the current rush, how will Bitcoin go? Will it rise to 80,000 again, or will it fall back again in the near future? I think it will take another two days to observe. At least in the short term, the rising structure here may not be completed. Wait until Friday night to see the situation.

Trend direction

Weekly level: The direction is upward, and a new weekly level rise is currently underway, with an overall target of 100,000+

Daily level: The direction is upward, with a daily level rise, the overall focus is still on 77,000, and a breakthrough will look at 80,000

4-hour level: The direction is upward, the view of a 4h level correction is denied, and the short-term focus is on the resistance of the 76,000~77,000 range

1-hour level: The direction is upward, the 1h level rise should not be over yet, and the upper focus is on 76,000

15-minute level: The direction is upward, and there is a 15-minute level rebound after the short-term 15-minute correction

#CKB助力比特币生态 RGB++ demonstrates CKB's potential as a Bitcoin Layer 2 settlement layer, a concept that will be increasingly adopted by more Bitcoin Layer 2 or asset protocols in the future. With a focus on POW and UTXO and years of technical accumulation, CKB may showcase its technological advantages in the competition of modular blockchains. The Nervos token economics directly addresses the issues of state explosion and misalignment of value capture mechanisms. The CKB blockchain links state explosion with its native CKB token, effectively limiting the rapid growth of blockchain state. Treating state as a first-class private asset can encourage optimization and improve efficiency, while limiting unnecessary state expansion. Additionally, Nervos introduces state rent, which imposes inflation on state holders. This solution provides miners with a predictable source of income, preventing excessive state expansion and ensuring long-term blockchain security. The CKB blockchain adopts a unique value capture mechanism, requiring the locking of CKB tokens for the storage and operation of on-chain data, thus creating direct long-term demand. This increases the value of the token and enhances the security of the blockchain, aligning with the ultimate goal of becoming an 'asset storage' platform. However, the Nervos Network team primarily focuses on technical development but lacks in project promotion, resulting in many users in the market only being aware of the project's existence without understanding its outstanding performance. Furthermore, the community operation of Nervos Network is also not ideal, lacking a strong consensus-building user group. In summary, Nervos Network enhances the experience on the local Bitcoin chain without increasing complexity or compromising decentralization, holding a leading position in the BTC-L2 track, and its long-term focus on the UTXO model has formed a solid technical barrier. Therefore, the future development of Nervos Network is worth looking forward to. $CKB

Trading in the cryptocurrency market is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if short-term losses occur, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trend, as this will improve the win rate. At the same time, investing is also a process of growth. I suggest that all crypto friends learn while trading, summarize gains and losses in a timely manner, deepen their understanding of risks, and plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Bitcoin has entered a correction trend on the daily chart, with intraday lows approaching the 66800 level. On the hourly chart, the price is running in the lower band area of the Bollinger Bands. Although there has been a rebound, the resistance above has not been broken, and the trend is relatively weak. Moreover, the Bollinger Bands are opening downwards, and as time goes on, the resistance above is still declining. If the short-term cannot break through the daily Bollinger middle axis at the 68800 level, the price may continue to move downwards. I hope all crypto friends are prepared in advance. Our short-term strategy is still mainly to rebound short positions, following the trend with light positions when a breakout occurs. $BTC

BTC thoughts for the week

BTC is still in the downward stage of the daily M-top. Only when the price completely reaches the M-top neckline of 67,000 will the weak structure change. From a theoretical point of view, the limit of this wave of decline is near 62500, which is also the coincident level of 61.8 where the daily line 56552 rebounded to the high point and stepped back, but strong buying may not necessarily reach it.

Script: If the pin tests 63700-64000 and then withdraws quickly, it will be a good opportunity to go long. Sweep away the long positions in advance to obtain liquidity, and the daily line position also has the conditions for a rebound.