I took a nap for a while and missed the evening market action. When I woke up, I saw AAVE had gone up, so I reduced my position a bit. I feel like I’m still too timid—if I had judged correctly that it would rise, I could have opened a low-leverage long position, combined with my spot holdings, and made more profit.

Bitcoin’s pattern over the past two days has been very obvious: sell-off during the US evening session, then recovery during the day, oscillating back and forth between 580 and 610. This kind of price action is very easy to trade—short when it rallies, cover the short, then go long again. With a 4000-point swing every day, it’s relatively easy to make money, but you have to watch out for the risk of a sudden breakout.

Although I missed the evening action, Guo Xiaobai didn’t. She analyzed it in the morning and went all out in the office at night! She entered at 585 and sold when it rallied. She understood the market herself and could make money without needing Coach Ai to remind her.

Bitcoin seems to be coiling up for a move, possibly trying to hit 610. But it’s almost the weekend now, so it’ll basically go back to consolidation. Let’s see what next week brings. I’m leaning slightly bullish for the next couple of days. This week has been truly nerve-wracking.

I don’t know if Sun Peng will come back to Chongqing next Monday. If he does, I’ll try my luck with the mystical approach on Monday—open a short and wait for Tuesday and Wednesday to drop so I can make some money. 😄
‍$BTC