This crypto market is just unplayable now, every night it moves along with the US stock market.

The momentum is all manipulated by the whales messing around. Let me give you a simple example: take yourself for instance. You’re someone who spends every day in major livestreams learning K-line techniques, a seasoned crypto veteran who’s been in the game for years, someone who follows and studies all kinds of theories in the space on social platforms every day. You pour all your after-work energy into this field, but during the period after the US market opens, ask yourself, ring your little bell 🔔 and think—can you really figure out the market movement during this time? I’m definitely better than you. Maybe I don’t spend as much time in livestreams as you, but in terms of total time spent in this space, I’m ahead. Even so, I just can’t figure out these ups and downs during the US market open.

But after talking to AI about the working logic of US stock traders during market open, it turns out that in the first hour after the bell, it’s basically random trading—just pure operations regardless of profit or loss, just trading for the sake of trading.

As for why they’re paying fees and taxes to trade aggressively even when there’s no clear direction?
The answer I got is that big funds need to use liquidity in this period to get retail investors to follow the trend, and on the other hand, when the whales take the opposite position, they’re observing the volume of retail investors versus their own and the counterparty to analyze profits and losses.

To put it bluntly, if the whales aren’t randomly buying and selling, retail investors don’t buy. Then when retail does buy, thinking they’re following the right direction, they’re actually just following the random moves of that period’s market.

At this rate, everyone’s going long, or hedging! Disgusting—didn’t go long at 3135, but now going long here—my brain’s fried. If you don’t go long now, you’ll have to wait till above 3400 and be stuck for another 200 points.