This market can’t rally, and it can’t really break down either—it’s genuinely torture.



$BTC Bitcoin this week once surged above $66k, then it slowly slid back toward $64k.

When the ETFs saw continuous inflows, everyone was shouting “the reversal is coming”; the moment there are outflows, they start shouting “we’re finished.”

To put it plainly, it’s not that nobody is buying—there just aren’t enough people willing to chase, and there are plenty of people who want to get out.

Plus oil prices, the US dollar, the Fed—these things are weighing on the market every day. The slightest bit of movement, and the crypto crowd immediately gets cautious.

I’m also too lazy to guess the next K-line now.

Don’t take too large a position; don’t open leverage recklessly. Being able to hold through this annoying, grinding range is way better than blindly chasing.

Are you still holding now, or have you been worn down to the point where you want to fully clear out?​
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Langlang
· 07-26 15:08
This market, it can’t rally higher and it can’t drop cleanly either—it’s really torturous.

$BTC Bitcoin surged above $66k this Monday, but then it slowly slid back to around $64k.

When there are consecutive ETF inflows, everyone calls it a reversal; the moment there are outflows, they start yelling doom again.

To put it plainly, it’s not that nobody is buying—there just aren’t enough people willing to chase, and there are plenty of people who want to get out.

Plus oil prices, the US dollar, the Fed—these things weigh on the market every day. The moment there’s the slightest ripple, the crypto market acts first and becomes timid.

I’m now too lazy to guess the next K-line.

Don’t carry too heavy a position, don’t open leverage recklessly. Being able to withstand this punishing, choppy consolidation is way better than blindly chasing.

Are you going to keep holding now, or have you already been worn down to the point where you want to clear the position?​
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