2025-3-24 Today's Viewpoint
I have been working overtime to modify the code these days, and I went on a spring outing on Sunday.
I don't know what positive news has occurred; I looked around but didn't see any news directly related to us. I only noticed that Bitcoin has been rising for 28 consecutive hours. After checking, the only explanation for this is that ETFs have started to see net inflows again.
The altcoins seem to be not really rising but more like a rebound + distribution.
Those with positions near the previous lows can continue to observe the situation, for example, Bitcoin below 800, Solana below 120~123, and Ethereum below 1850. Chasing after a price rise halfway doesn't match my habit, and I wouldn't dare to recommend it.
I still prefer to wait for opportunities around the lower horizontal line; if you have been paying attention, you should already have long positions. If it cannot break above the upper horizontal line and slope line, take profits on part of your holdings, as the advantage is not clear for those who entered halfway.
It remains my viewpoint that at this time, there is nothing wrong with going long or short; the mistake lies in excessive positioning.
Today is March 24, and here are a few pieces of news that I think will influence the market this morning:
1. At 7:48, according to BITCOINLFG, reports say the White House is considering using gold reserves to purchase Bitcoin (I feel this is just nonsense; if they can't buy it with cash, using gold reserves is just absurd on absurd).
2. Trump: I like TRUMP tokens (indeed, the Trump coin has dropped significantly; it’s also his fault, he can't deny himself).
3. The probability of the Federal Reserve keeping interest rates unchanged in May is 87.8% (there has been no precedent for the Fed to cut rates in the second quarter historically).
As for the previous news, a reminder about March 28:
On March 16, the cryptocurrency asset management company 21Shares plans to liquidate two actively managed exchange-traded funds linked to Bitcoin and Ethereum futures amid a general market decline: ARK21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
Investors can trade shares before the market closes on March 27, with liquidation expected around March 28.
Finally, on April 2, the tariff adjustment will officially take effect, although it cannot be ruled out that the reliable folks may postpone it again to May 2, after all, the livestock have been going back and forth on this matter, so let’s not dwell on it.
I have been working overtime to modify the code these days, and I went on a spring outing on Sunday.
I don't know what positive news has occurred; I looked around but didn't see any news directly related to us. I only noticed that Bitcoin has been rising for 28 consecutive hours. After checking, the only explanation for this is that ETFs have started to see net inflows again.
The altcoins seem to be not really rising but more like a rebound + distribution.
Those with positions near the previous lows can continue to observe the situation, for example, Bitcoin below 800, Solana below 120~123, and Ethereum below 1850. Chasing after a price rise halfway doesn't match my habit, and I wouldn't dare to recommend it.
I still prefer to wait for opportunities around the lower horizontal line; if you have been paying attention, you should already have long positions. If it cannot break above the upper horizontal line and slope line, take profits on part of your holdings, as the advantage is not clear for those who entered halfway.
It remains my viewpoint that at this time, there is nothing wrong with going long or short; the mistake lies in excessive positioning.
Today is March 24, and here are a few pieces of news that I think will influence the market this morning:
1. At 7:48, according to BITCOINLFG, reports say the White House is considering using gold reserves to purchase Bitcoin (I feel this is just nonsense; if they can't buy it with cash, using gold reserves is just absurd on absurd).
2. Trump: I like TRUMP tokens (indeed, the Trump coin has dropped significantly; it’s also his fault, he can't deny himself).
3. The probability of the Federal Reserve keeping interest rates unchanged in May is 87.8% (there has been no precedent for the Fed to cut rates in the second quarter historically).
As for the previous news, a reminder about March 28:
On March 16, the cryptocurrency asset management company 21Shares plans to liquidate two actively managed exchange-traded funds linked to Bitcoin and Ethereum futures amid a general market decline: ARK21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
Investors can trade shares before the market closes on March 27, with liquidation expected around March 28.
Finally, on April 2, the tariff adjustment will officially take effect, although it cannot be ruled out that the reliable folks may postpone it again to May 2, after all, the livestock have been going back and forth on this matter, so let’s not dwell on it.