Looking at the recent market situation. Bitcoin and Ethereum are both hovering around the monthly MA20, engaging in a typical bottom harvesting game—many traders are being swept in and out of contracts. Instead of following the trend and getting cut, it's better to develop a long position mindset, which at least provides some peace of mind.



My judgment remains unchanged for now. For the market to turn around, it must at least rebound once on the monthly level and form a rally before entering next year's market cycle. But now is not the time.

The most interesting is the performance of gold and silver. These two have recently surged strongly, with silver even exhibiting a seasonal rhythm of a "mountain camp"—a highly correlated movement. It’s foreseeable that they will remain strong for quite some time. Funds are seeking safe havens, and in a changing market environment, the appeal of gold and silver is indeed significant.

Looking at the crypto space? This year, only Bitcoin hitting a new high is somewhat acceptable. Most others have underperformed. Altcoins are even worse—they’ve been repeatedly hitting new lows all year.

An interesting comparison: the US stock market also hit new highs. During this rate hike cycle, the market isn’t short of money. But the flow of funds has changed—it’s no longer chasing altcoins as before. What does this indicate? Many projects are useless trash, and the market has finally seen through it.

I expect this pattern will continue. Funds will become smarter, flowing into assets with real value for hedging and preservation. The probability of Bitcoin continuing to reach new highs is quite high. Altcoins? They may still keep hitting new lows. This is the current market logic.
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ImpermanentPhobiavip
· 15h ago
It's the old trick of the monthly MA20 again, with contracts exploding in volume and noise. Funds have all moved to gold and silver for safe haven, only Bitcoin remains somewhat watchable in the crypto space; everything else is just trash. Altcoins hitting new lows repeatedly, it's time to wake up.
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AirdropHarvestervip
· 15h ago
Sweeping orders is exhausting; it's better to just hold coins honestly. Gold and silver are both rising, but the altcoin scams in the crypto circle are really disappointing. --- The thrill of trading contracts is useless; you're the first to get liquidated. --- Bitcoin really needs to wait a bit longer; don't rush to chase the high. The current market trend hasn't started yet. --- Altcoin season is completely over; funds have all moved to safe havens. Someone has to take over the trash projects. --- Entering before the monthly rebound? Bro, you might want to think again. Right now, it's just a game of cutting leeks. --- Gold and silver are really hot this time; anyway, it's much more reliable than chasing altcoins. --- Funds are getting smarter; trash projects are finally unable to survive. It was about time. --- Instead of holding on tightly in contracts, better to stockpile and wait for the wind to come. Next year's matters can wait until next year. --- Crypto circle has been really tough this year; only Bitcoin is holding the scene. There's really nothing else worth watching.
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OldLeekMastervip
· 15h ago
The segment about contract sweeping really hit home, many friends around me got caught in the crossfire. It's better to be honest and hold coins, don't think about short-term quick riches. The clone projects are completely finished, this time probably beyond rescue. The monthly chart hasn't even reversed, how can you dare to say the bottom? I feel sorry for those brothers who tried to bottom fish. Gold and silver are indeed fierce this wave, much more stable than chasing coins. I've said it before, Bitcoin is the long-term survivor, other projects are just tools for harvesting the little guys. Funds are not stupid, the projects are just too garbage. Finally, someone sees through it. Rather than being swept, it's better to shift to gold for preservation of value, at least the sleep quality can improve. The MA20 on the monthly chart is indeed a hurdle; once broken through, it will be different. The clone season is really over, don’t expect to replicate last year's wave. This market is finally starting to filter rationally; only the strong coins will survive.
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Hash_Banditvip
· 15h ago
ngl the ma20 grinding is just market mechanics doing its thing... reminds me of the 2016 cycles when hashrate was adjusting downward. difference is back then nobody had leverage to get liquidated lol
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LiquidatedAgainvip
· 16h ago
Once again, the MA20 cut through, and this time I really didn't escape... I resonate with those brothers in the contract who got liquidated, lessons learned the hard way. Bitcoin needs to rebound on the monthly chart to turn things around. I trust your judgment on this, but the waiting days are a bit torturous. The recent safe-haven logic for gold and silver is indeed fierce. When funds become smarter, it actually becomes a bearish signal for altcoins... The entire crypto circle is just holding up Bitcoin's facade, while everything else keeps hitting new lows repeatedly. It's quite painful to hear. So now, it's still necessary to stick to risk control points, don't go all-in, or else it will be another round of liquidation prices.
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FancyResearchLabvip
· 16h ago
The monthly MA20 swings back and forth, and most people in the contract are basically drained... In theory, a long position mindset can last longer, but in practice, who can really hold on? Lu Ban No.7 is under construction again, and the next step probably requires continued grinding.
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