2026-6-29

Back from the hospital, my wife took the shift, I'll go in the afternoon 😂···
Now it has broken below the "corrected" bullish trend line. The line needs to close back above 598 before 2 PM to support continued bullishness. The angle is upward, and as time goes on, it will only get higher. The broken trend line, when extended, will become a potential "resistance line."
The daily chart is likely to test 583-585 (e.g., this afternoon). Before the end of the month, it will probably be a mix of weak ups and downs. Returning above 604 will be somewhat difficult. Don't be empty, and don't be fully invested - this is the best way to deal with this "garbage market." Because we are not sure if this is the bottom (it doesn't match the bottom formation, no same-direction acceleration, and the timing is not quite right), and we cannot confirm it is not the bottom (every drop is caused by "news" or dragged down by the US stock market. If suddenly a positive catalyst appears, e.g., what the "little blonde" says or does, directly V-reversing and not coming back down, then this would actually become a bottom).
It is unscientific to only look at lines and replicate historical market movements. As retail investors, we cannot keep up with chasing news (lag, fake news, etc.). The only thing we can do is confirm that the price is already in a relative bottom area. Once we have a position, when it drops to a reasonable level, buy a little bit; after a rebound, when there is profit, reduce some. Keep the maximum position size no more than 30% of the total capital in the relative bottom area. That way, we won't miss out, won't be anxious, and have no position risk.
The downside is that it's slow, much slower than going all-in···
In the crypto space, June to August has always been a torturous period. This time is suitable for "collecting" low-level chips. As the old saying goes, chips obtained at low levels during June to August, even if they get trapped, are hard to be trapped to death, even during a real bear market.
Don't worry, just survive August and it will be fine···