The market has dropped again, which is within expectations. After all, the broader market rebounded from the lows and hasn't fully formed an uptrend yet. This stage is quite difficult to endure because the major direction is still in a bear market, and no one can be certain how far this rebound will go. This is also why I don't think we should increase positions.
However, following general logic, since the main players chose to push up the market after consolidation, the cost they paid was quite substantial. Therefore, they likely won't abandon the push so easily. From the current perspective, if this decline isn't due to strong resistance from short sellers, then it's the main players choosing to wash out the market once more. So regardless of the angle, subsequent attempts to push the market will need to continue.
Looking at the situation, Israel has started bombing Iran's oil and gas facilities, and oil prices continue to skyrocket. What's interesting is that gold prices actually fell instead. So it's understandable that cryptocurrency prices are under pressure. Although I'm bullish in the short term, to be honest, I don't have much confidence deep down. On one hand, the cycle is in a bear market, and on the other hand, the international situation is too chaotic.
Sometimes you can't help but admire the capabilities of old man Buffett. He previously held heavy positions in oil company stocks, and was even considered "too old" by some because he didn't outperform other companies. Now it seems the saying "old ginger is spicier than young ginger" really rings true. Therefore, judging from his actions of hoarding large amounts of cash, the future situation will be even more unpredictable and more chaotic.
March 19, 2026
The market has dropped again, which is within expectations. After all, the broader market rebounded from the lows and hasn't fully formed an uptrend yet. This stage is quite difficult to endure because the major direction is still in a bear market, and no one can be certain how far this rebound will go. This is also why I don't think we should increase positions.
However, following general logic, since the main players chose to push up the market after consolidation, the cost they paid was quite substantial. Therefore, they likely won't abandon the push so easily. From the current perspective, if this decline isn't due to strong resistance from short sellers, then it's the main players choosing to wash out the market once more. So regardless of the angle, subsequent attempts to push the market will need to continue.
Looking at the situation, Israel has started bombing Iran's oil and gas facilities, and oil prices continue to skyrocket. What's interesting is that gold prices actually fell instead. So it's understandable that cryptocurrency prices are under pressure. Although I'm bullish in the short term, to be honest, I don't have much confidence deep down. On one hand, the cycle is in a bear market, and on the other hand, the international situation is too chaotic.
Sometimes you can't help but admire the capabilities of old man Buffett. He previously held heavy positions in oil company stocks, and was even considered "too old" by some because he didn't outperform other companies. Now it seems the saying "old ginger is spicier than young ginger" really rings true. Therefore, judging from his actions of hoarding large amounts of cash, the future situation will be even more unpredictable and more chaotic.
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