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Aug 14 Market Quick Review
Bitcoin unexpectedly broke through new highs, while ETH stabilized above 4700.
Today, I didn't make many moves; I gradually reduced my ETH long position. There are three smart players in the circle: high school student Ray (started going long at 4000 with a 50m position), Huang Da🈹 (after recovering from a floating loss of 14 million, he angrily made 20 million USD and closed his position), and Pigeon🐦 (went long from 2500 to 4000, then from 4000 to 4700 to take profit).
The reason I haven't closed my long position yet is that the current smart players all have backgrounds in the crypto circle, considering that Wall Street is still the main driving force behind the market, and the crypto circle might be overly cautious.
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