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A brief weekend summary
With the market falling further in the morning session, BTC has erased all its gains in 2026. It is basically flat for the year, having achieved nothing;
The current price is also within 80% of the trading range for all of 2024, which means the market has made no progress over the past 3 years. Although new all-time highs were reached, virtually all gains over the past 3 years have been erased;
At this point, BTC will either form a bottom for the next 2-3 years, or we’ll return to the panic of late May and June, when people feared BTC would plunge again to $40,000-$50,000 or even lower!
Altcoins are even worse: over the past 3 years, aside from a few that rebounded along with BTC, 95% of them have been heading toward zero;
Since late October, there have been gains and losses, but overall profits have still drawn down sharply. Although I don’t hold many altcoins, I’ve held spot BTC, ETH, and exchange tokens for 3 years already, and with the positions I opened recently, the drawdown has indeed been painful;
The only thing we can do is manage our position size and adjust our mindset;
The market has reached another make-or-break moment. Hang in there. Add to spot positions in stages as appropriate. While others are selling at any cost, we can gradually add to our spot positions—but remember, don’t go all in on the first buy;
BTC support/resistance levels: 75475/67135/59800
One long position from last night was stopped out. I’ll pause futures trading for the time being this weekend. At the current spot price around 66800, you can build up to a 40% position;
ETH support/resistance levels: 2010/1910/1835/1775
You can build up to a 60% spot position; below 1500, prepare to go all in;
These trading suggestions do not constitute any basis for investment: no moves in gold or U.S. stocks this weekend; first, let’s pick up cheap tokens in our usual market!
#Dr.Han牛津辩论社演讲