[Nine out of ten altcoins die, bull market urgently closes all positions]
I have always said that trading relies on yourself. Your money, you are responsible for it.
The situation with Mo An is indeed fermenting. I see many people still tangled up in whether to withdraw their coins.
Actually, this problem is very simple; if you are worried, just bring it up. The fee compared to the principal is nothing.
My habit is to keep only the funds for trading on the exchange. The rest is transferred to a cold wallet. This way, I feel more at ease.
Anything can happen in the market, including black swan events. Nobody expected FTX to turn out that way. So, as I said, only believe in what you can control.
When it comes to withdrawing funds, it’s meaningless to ask others. I never put all my assets in one basket.
🔥 Current Market Guide (2025 Lazy Profit Version )
BTC: Yesterday, during the day, it continued to decline under the influence of tariffs between China and the U.S. After the U.S. stock market opened in the evening, it stopped falling and rebounded. It surged initially but then weakened again, and the bears have lost much of their strength.
Some NB: Leading the decline again, big cuts are taking advantage of the liquidity from TGE to offload, it's okay if we didn't escape this time, there's still TGE on the 16th, which will also be a good opportunity to reduce positions, the current price is still very high.
ETH: It has fallen below the 4000 mark again, with weaker fluctuations than Bitcoin. Currently, there are 2.31 million Ethereum waiting to be staked. Anything above 4000 is a chance to reduce positions. Be sure to close all positions in November!
Important news from yesterday:
1. The U.S. Department of Justice confirms it has seized 127,000 Bitcoins, marking the largest confiscation case in history.
2. Giant Whale Garrett Jin: As long as the prices of high FDV altcoins remain high, it will be difficult for Bitcoin and Ethereum to experience a sustained bull market.
3. Analysis: Cryptocurrency evaporated $380 billion in a week, with about $131 billion coming from altcoins.
Speaking of today's daily BTC technical market analysis, from the K-line perspective, the upward momentum on the 1-hour level is weakening, the 4-hour level will be in a sideways trend, the 12-hour level is declining, and the daily level is also declining, with an intraday resistance of 116000 and a support level of 109000 dollars.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% inverse Buff, don't blame me if the market hits back.
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