#ETH I cleaned up my short-term ETH small position when I got up in the morning, getting on board at 3900 and leaving the market at 4200, a small profit is enough for some food and drink during the National Day holiday.

The main reason for leaving the market is seeing that the US government is highly likely to shut down on October 1, which will directly affect the release of labor data on October 3. I vaguely remember that a few years ago, during Trump's administration, there was also a shutdown due to disagreements between the two parties. I looked up some information online, and the government shutdown lasted for 36 days from December 2018 to January 2019, during which BTC fell by 6%. The price range at that time was over 3000 USD.
Everyone is aware that the employment data from the United States is quite critical this time, as it is basically used to determine whether the Federal Reserve will cut interest rates again and the extent of the rate cut. If the data is delayed due to the shutdown, I personally believe it will likely intensify market volatility in the short term.
Another three factors for judgment: the first is that the price has reached the resistance level of the technical indicators. Currently, although it has broken through the previous high, the trading volume is insufficient, and there is indeed a possibility of further retracement. The second is that in the past two years, the market trend during the National Day holiday has shown retracement and bottom-seeking. I am not sure if this is due to domestic funds leaving for the holiday, but the data is here; while it may not form a pattern, it at least serves as a basis for judgment.
The third point is that the long positions at the 100,000 phase bottom on the liquidation map have accumulated again over the weekend, and the momentum of the bulls is still relatively strong. Considering the sentiment indicators in the market, I still believe that the current market's strangulation of long contracts has not reached an extremely terrifying level; the bullish voices in the market are still relatively consistent. Many experienced retail investors are actually in a wait-and-see state. The outflow data of BTC and ETH ETFs in the past two days indirectly proves this. (Figure 1)
A gentleman does not stand under a dangerous wall; the market dislikes policy uncertainty the most. Therefore, my operational decision during the holiday is to take short-term profits and exit, holding my position and observing. The long-term large position remains unchanged. At this stage, having a position that can be flexibly adjusted is more important than anything else. Of course, this is just my personal opinion and may not be correct; please refer to it cautiously.
Recently, the concept of DEX has become very popular. I did some short-term small position operations with ASTER and AVNT and made some profits. I mentioned this in previous updates and the comment section. The coins that Boss Zhao supports are worth considering for long-term planning. Of course, long-term position allocation does not necessarily have to rush into the current heat. If you review most of the new coins that can rise more than 10 times in this round, they generally go through a one-year dormancy period, and after violently cleaning up leveraged chips, there will be a continuous climbing period of 2-3 months.
If you have more than 2 years of experience, after understanding the fundamentals clearly, you can start DCA with a small Position when waiting for the price of the coin to pull back, which is still worth laying out. Personally, I believe that DEX will be one of the trends in the crypto space in the future, with many rising stars in this track, such as UNI which became famous in 2021, and HYPE which will dominate in 2024. The DEX track is not overly crowded, and there is still a lot of speculation space for RWA and DIFI derivatives.
Speaking of HYPE, I have seen some interesting data on this platform, let me share it with everyone, is this a prank or a hope? (Image 2) #GatePerpDEX正式上线 #加密市场反弹 #BTC走势分析 #成长值抽奖赢iPhone17和周边