I never talk about any beliefs, nor am I moved by the stories of the project team.
To make a trade is to make a trade, and to make money is to make money. Many people who enter the circle are indeed attracted by ideals. But market education will soon make you understand that there is only a game of interests here.
Project teams harvest retail investors, exchanges harvest users, and large holders manipulate small investors. These are all the norm. I have always emphasized the importance of protecting the principal. Because I have seen too many people lose everything because they believed in the vision of a project.
The market won't make you money because of your beliefs. Be rational when trading. Technical analysis, capital management, risk control. These are the fundamentals for your survival in this market. As for the ideal of decentralization, that's a luxury; pursue it once you've made enough money.
🔥 Current Market Guide (2025 Passive Income Version ) $BTC: Yesterday were fluctuating in the 109K line, and finally waited until the weekend to not fall, at present, it is a short bottom, survive September, and the crazy October and November market will come soon. $BNB: It didn't drop before, now it's oversold, dropping fiercely, altcoins are even worse, they haven't taken off yet and are diving underground. You must hold on for the last 2 months, the altcoin season is coming soon. $ETH: It has dropped below 3900, probably can't fall much further unless Bitcoin goes down again. There are still 2.2 million Ethereum queued for staking, selling on highs, clear out in November.
Important news from yesterday: 1. Two dormant wallets that had been inactive for over 8 years were activated, transferring 200,000 ETH to two new addresses without selling, with funds flowing to Aave and Plasma. 2. The core PCE price index in the United States recorded an annual rate of 2.9% in August (2.90% expected, 2.90% previously), unchanged from the previous month, in line with market expectations 3. Trump announced a 50% tariff on a range of furniture, heavy trucks, and pharmaceutical products.
Returning to today's daily BTC technical analysis, looking at the candlestick chart, the 1-hour level is consolidating, the 4-hour level is consolidating, the 12-hour level is declining, the daily level is declining, with intraday resistance at 112500 and support at 106000 dollars.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% counter-indicator Buff, don't blame me if the market hits back #Bitcoin CryptoRecovery @cookiedotfun @KaitoAI
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
This is actually the reality of the market.
I never talk about any beliefs, nor am I moved by the stories of the project team.
To make a trade is to make a trade, and to make money is to make money.
Many people who enter the circle are indeed attracted by ideals. But market education will soon make you understand that there is only a game of interests here.
Project teams harvest retail investors, exchanges harvest users, and large holders manipulate small investors. These are all the norm.
I have always emphasized the importance of protecting the principal. Because I have seen too many people lose everything because they believed in the vision of a project.
The market won't make you money because of your beliefs. Be rational when trading. Technical analysis, capital management, risk control.
These are the fundamentals for your survival in this market. As for the ideal of decentralization, that's a luxury; pursue it once you've made enough money.
🔥 Current Market Guide (2025 Passive Income Version )
$BTC: Yesterday were fluctuating in the 109K line, and finally waited until the weekend to not fall, at present, it is a short bottom, survive September, and the crazy October and November market will come soon.
$BNB: It didn't drop before, now it's oversold, dropping fiercely, altcoins are even worse, they haven't taken off yet and are diving underground. You must hold on for the last 2 months, the altcoin season is coming soon.
$ETH: It has dropped below 3900, probably can't fall much further unless Bitcoin goes down again. There are still 2.2 million Ethereum queued for staking, selling on highs, clear out in November.
Important news from yesterday:
1. Two dormant wallets that had been inactive for over 8 years were activated, transferring 200,000 ETH to two new addresses without selling, with funds flowing to Aave and Plasma.
2. The core PCE price index in the United States recorded an annual rate of 2.9% in August (2.90% expected, 2.90% previously), unchanged from the previous month, in line with market expectations
3. Trump announced a 50% tariff on a range of furniture, heavy trucks, and pharmaceutical products.
Returning to today's daily BTC technical analysis, looking at the candlestick chart, the 1-hour level is consolidating, the 4-hour level is consolidating, the 12-hour level is declining, the daily level is declining, with intraday resistance at 112500 and support at 106000 dollars.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% counter-indicator Buff, don't blame me if the market hits back #Bitcoin CryptoRecovery @cookiedotfun @KaitoAI