There are almost no newcomers in the market. Some funds came in some time ago, but most of them are mainly institutional funds and value investors. Therefore, there are fewer and fewer speculators in the market. This is like a knockout game. It’s all eaten up, and now the rest is a group of masters who know how to trade. In the past, it was easy to make money because of the fools in the market, zero-sum games, and the strong to make money for the weak. Now everyone feels that it is difficult to make money, because the opponents in the market have become stronger.
It was quite obvious that Bitcoin was driven by US stocks yesterday evening. The bulls tried to pull it up several times and were taken down by US stocks. U.S. stocks are closed for two days on the weekend, and the market is expected to be relatively stable. For Monday, The probability of U.S. stocks continuing to fall is still not small. The main reasons are as follows:
1.The epidemic in the United States hit a new high in a single day of diagnosis. The epidemic has not only slowed down, but has intensified.
2.Large-scale riots and demonstrations continue, and Trump's continued toughness against the people makes it difficult to end the demonstrations in the short term.
3.Eleven states in the United States have suspended their economic restart, and the expectation of economic recovery has been hit hard.
4.The end of the federal unemployment expiration period will affect 33 million people, and will bring greater uncertainty to Americans without savings.
5.Biden's votes continue to suppress Trump, if eventually assumed office is expected by the capital market as a bearish stock market.
In summary, the situation is not friendly to us.
My first experience. Hope to get better. This is very nice.