First of all, congratulations to e-Waibing for standing tall and proud; we are no longer the bullied P family army! It's rare to see $eth breaking historical highs. I took some profits and will wait to see how $wlfi performs after its launch before making further moves, but I still hold most of my position. The logic remains unchanged; we’ll talk about $6000 later. Secondly, I’m still not optimistic about the altcoin bull market. The logic is somewhat similar to the A-shares; many retail investors are still at a loss even after the index broke 3800+. The ChiNext and main board had mindless new listings in previous years, which is not much different from the current altcoins. This leads to excessive capital diversion, and those who are stuck refuse to sell. The result is simple: the weight pushes the market cap to new highs, but you are still on the road to breaking even. There might really be a partial altcoin bull market by the end of the year; every bull market usually has some opportunities at the end of the year or the beginning of the next. Mastering the basic operation of selling on the rise is essential. As for those who insist on playing with altcoins, just look at the few that have rebounded the most in the past year, with projects still in operation. Their prices will be maintained as best as possible, with relatively strong backgrounds and undervalued market caps. No need to look at anything else. Regarding $wlfi, the related interests and selling pressure don’t realistically create a bunch of wealthy lists, but $usd1 has a rich imagination. There will definitely be significant short-term selling pressure, but there might still be an opportunity for an explosion in the medium term. As for when it will bottom out, I don’t know; maybe it will break 0.1, or maybe it will break 0.15. Anyway, we’ll see as we go. My strategy should be to break even first, then hold onto my chips and observe. Speaking of the big A, next week will continue to sing a high tune. I blindly guess there will be at least two adjustments. I don’t know if it will be a one or two-day adjustment. Just buy low and sell high. It should hold before the military parade, and then there will be a pullback until the end of next month, around a week before National Day. After National Day, the index might touch 4200+ or even higher. Technology, innovative medicine, rare earths, and military industry are still the main lines, but remember to take profits in military stocks before and after the parade. Hong Kong stocks are also good because there are relatively fewer retail investors, making them closer to US stocks. Therefore, the logic of institutional trading is more direct and aggressive, representing a place with higher odds. Let’s review these points. Charge ahead, charge to 5000, glorious e!
Theoretically, this morning, when $eth dropped to 4060, it was already close to the limit position. The daily chart also shows a suspected stabilization and rebound situation. If being conservative, we can observe what the daily closing position is today. Big A has shown a side I don't recognize. According to past patterns, it usually needs a few days of pullback to stabilize, but now it’s a wave of selling during the day followed by a late-session pullback, which feels unfamiliar but is a good sign. It has a similar vibe to the US stock market, haha.
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