Barclays analysts: China is expected to launch a new stimulus package of 0.5 trillion to 1 trillion yuan in the second half of the year to ease the expected economic slowdown.

The crazier the bull market, the calmer we must be. Yesterday, I didn't tweet but took the time to summarize and organize my thoughts from the past few days: The first question is, what is the main narrative of this entire cryptocurrency circle? #BTC 15000➡️120000 This atypical bull market has lasted for two and a half years. Why do we say this is an atypical bull market? Because it is a bull market that has erupted during a tightening cycle. Excluding the overall rebound from the severe drop in the early bull market (after the big bear in 2022) and the various narratives that were later debunked (L2, modularization, etc.), and excluding the super MEME season that emerged due to overall liquidity shortages during the bull market; from a holistic perspective, there is still nothing exciting in the internal narratives of the crypto space. This bull market can basically be defined as a "capital bull" led by the United States after the East-West handover in the 20-21 season. The characteristic of this bull market is that altcoins will rebound sharply in every small trend, while Bitcoin continues to soar. The second question is about Ethereum. #ETH (1300➡️3800) Following the thought process of the first question, let's look at Ethereum; before we look at Ethereum, let's first deconstruct the various stages of Bitcoin's bull market from 15476➡️30000, which experienced a rebound after a deep bear market. But what about after 30000? To now 120000? Interest rate cut expectations? ETF expectations and the capital inflow after the ETF approval? If we connect the entire trend of Bitcoin after it broke through 30,000 in October 2023, we will have the answer. Is this entire range (202310➡️now) peaceful? Were there any negative factors in between? The Japanese interest rate issue, war issues, the favorable conditions after Trump's inauguration, the tariff war... but did these hinder Bitcoin's rise? Not only did they not hinder it, but it also reached new highs. I want to say this is the top-level conspiracy of the "Musk and others." Why do we need to deconstruct Bitcoin first? Because Bitcoin is the template that Ethereum has already run through, and now we can see that capital is beginning to replicate Bitcoin's path on Ethereum; Why did Ethereum rise so quickly from 1300 to 3800, not giving people a moment to react? Aside from a brief consolidation at the beginning, it has basically been following small technical indicators since then? Because this path is familiar, too familiar; Bitcoin has just completed it. The third question: the next thought process. Following the clarified thought process, we can draw the following conclusions: 1. Altcoins are just companions; at least until there is enough exciting endogenous narrative in the crypto space, altcoins can only rebound sharply; do you think it's easier to pick 3-5 coins with a 10000% increase among tens of thousands of coins, or to earn 100% on Bitcoin or Ethereum? If you want to gamble on the former's returns, then why not check if your position has outperformed Bitcoin and Ethereum's gains? 2. We need to give Ethereum enough room for imagination. This question may seem simple, but it's not easy to execute. After all, chasing highs is a tough game; our trading system and technical system naturally reject this emotion and capital-driven rise; 3. In a bull market, technical indicators, especially small-level technical indicators, become ineffective; this is also why many technical traders missed out in this round or exited midway; Overbought? Divergence? Waiting for a pullback? The result of waiting for a pullback is that once you exit, it's hard to get back in; because a bull market is always about emotion, not about any technicality, as bull markets are irrational. In conclusion, A bull market is a great retreat. We cannot predict the overall market top, and predicting the top of individual coins is also difficult. What we can do is to reasonably plan our positions and strategies to cope with the market trends we cannot accurately predict; Taking profits is not wrong, chasing highs is not wrong; what is wrong is taking profits and then chasing highs, chasing highs and not setting stop losses, and being repeatedly harvested after not setting stop losses due to being eroded by crazy emotions. I remember seeing a stock market guru's saying a few days ago: after an attack, the first thing to think about is always defense; and defense without an attack is not called defense, it's called losing money; achieving a balance between offense and defense is a top-level skill; I want to say, don't overthink it, and don't want too much. In a simple market, just earn the money that is within your ability!

An understanding of a non-conspiracy plate market cap high 100K， Wealth transfer within the group. 500K， Movement between several communities. 2m， The push began to ferment, and the group sentiment rose. 15m， A small number of secondary funds entered the market, and real money began to be tested. above 100m, It is a small economy. At this time, there is no one who is cutting whom, It's all a game. Find cult, Find a narrative that can break the circle, Support with action. More PVE less PVP. locked in.

Some traders' opinions: It is recommended to consider shorting again in September.

Compliance cattle should be coming soon Get ready, a whole bunch of money is coming One guess: the more compliant and DeFi are, the more likely some projects that seem to be less willing to buy with less money may rise Let's study it these days

Here's a quick recap of this 2025 bull run: The market started in early April, after a round of declines, and the real plunge began on April 2 when Trump announced "Liberation Day" tariffs, triggering global supply chain concerns and risk aversion. The S&P 500 fell about 11-17.8%, close to the bear market threshold (20%), and indices such as Nasdaq fell in tandem.

Suddenly there was a brain hole... Based on Bridgewater's All Weather Strategy, build a passive portfolio and package it into a passive asset package. Divide all assets into two categories: passive and active. Then we only need to do two things to make an investment: 1. Adjust the position between the two packages 2. How to invest in the active asset package.

Report to the Xiong Family: About 500 concerns have been cleared and exhausted. Tomorrow to continue hehe

I haven't kept up with the market much recently, and I brushed up on Mr. Fanfan's review post, which is very well written, so share it.

🫶🏼 There's more to come!