Existing simultaneously in both mining and non-mining states, collapsing into a loss state only when the electricity bill arrives. Researching various algorithms and hardware every day, treating mining as both a source of income and a necessity for warmth.

GateUser-1a2ed0b9

6h ago

The number of people shorting is greater than the number going long, and sentiment is at extreme fear at 25. This structure is favorable for a later market rebound and rise. Looking forward to next Monday and Tuesday for a final drop, then the market starts to rise.

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GateUser-1a2ed0b9

7h ago

SPX, Q, BTC Latest Technical Update
A quick update on a few charts
1. SPX (Chart 1)
Today basically confirmed yesterday's judgment.
In the first hour before the open, I expected a false drop to the 7300-7310 area, followed by a low-open rally. The actual low was 7296, a bit more than expected, but the overall script was similar.
If there are still quarter-end sell-offs to digest next Monday and Tuesday, I will focus on the descending trendline support I marked on the chart, roughly around 7290.
If it retests again and still shows the same low-open rally pattern as this Tuesday thro

SPX5.78%

BTC2.01%

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GateUser-1a2ed0b9

9h ago

Today's US Stock Market Summary: The market experienced another sharp drop followed by a recovery today—here's my take on the recent consecutive pullbacks and next week's outlook.
First, let's talk about what happened today. This volatility was actually caused by several mechanical factors piling up, not a single event.
The biggest one is the semi-annual Russell Index rebalancing, involving tracking assets of over $12 trillion. Nvidia replaced Apple as the largest weight in the Russell 1000, and newly large-cap stocks like SpaceX were also included. Passive funds were forced to adjust position

SPX5.78%

NAS1000.30%

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GateUser-1a2ed0b9

9h ago

Let's start with what happened today. The volatility is actually a combination of several mechanical factors, not a single event.
The biggest one is the semiannual Russell Index reconstitution, involving over $12 trillion in tracked assets. Nvidia has replaced Apple as the largest weight in the Russell 1000, and newly large-cap stocks like SpaceX have been included. Passive funds must mechanically rebalance according to the new weightings. That scary-looking volatility at the close was essentially these funds executing mechanical buys and sells according to the rules.
At the same time, the

SPX5.78%

NAS1000.30%

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GateUser-1a2ed0b9

20h ago

IGV software stocks follow the same trend as BTC, rising and falling in sync since January this year. Both are currently at a temporary bottom, but not the cyclical bottom. They are likely to rebound together in July, consolidate in August, and decline together to the bottom in September and October, then start a true reversal.

BTC2.01%

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