憨厚的麦总
@Michael_Liu93
I didn't exit any of my positions bought around 60,000, and even added more crypto stock positions around 73,000. Yesterday, I exited the added positions, but I'm still holding onto the original spot holdings. There's a support level around 65,000–66,000, but with this large-scale breakout above the previous high followed by a drop, forming a fakeout, it usually breaks below the prior low. Both US stocks and gold have already broken below July's previous lows—there's no reason for crypto to be any different.
Looking back now, I realize how foolish my mistakes were. With so many negative factors in crypto and the US market crashing, there's clearly no short-term upward momentum. Yet I was still misled by BTC's false appearance of strength and should have at least reduced half of my exposure for risk avoidance.
Maybe within the next one or two months we'll see the final drop of this crypto cycle. No one knows where it will go, but keep an eye on pin bars and volume spikes. Avoid catching falling knives or using leverage right now—survival comes first. My long-term view remains unchanged: BTC is at an absolute bottom compared to both US equities and gold. After this drop, capital will rotate into crypto. The next two months are still the best time to build spot positions for cycle trading (see chart: BTC vs QQQ, BTC vs Gold).