January 3, 2025

The market experienced a slight rally, with Ethereum stumbling and finally surpassing 3000 points. Notably, Doge ranked among the top gainers. This wave of increase was mainly driven by the collective rise of US stocks. Recently, Tesla has performed quite well, which raises the suspicion that Doge's rise may be related to this factor. Anyway, the market can be considered to have started on a positive note. In fact, after the "Double Egg" market phase, the systemic risk in the market has significantly decreased. The panic and substantial selling pressure caused by fund liquidations have also diminished greatly. Once the Lunar New Year holiday passes, this risk will be completely eliminated.
Recently, the market has been mostly volatile. I haven't spoken much about it, mainly because there isn't much to say. However, I want to emphasize that when the market is less active and less volatile, it is also a good time for us to build positions. During the recent decline in the market, I proactively bought in nearly 10% of my position, and I have been gradually increasing it. I still hold the view that the current valuation has become attractive; although it hasn't reached the price level for a full-scale bottom-fishing, moderate buying is acceptable. Of course, opportunities and risks coexist. Waiting for the big opportunity is not impossible, but it may come with opportunity costs. This is a well-known topic.
In terms of actual trading, if you started following my grid trading strategy two months ago, you should have experienced the charm of grid trading. Although the overall market has been declining in recent months, it is actually very suitable for grid trading because of the favorable range fluctuations. Taking Ethereum as an example, since touching 3100 points on November 4, it has been oscillating around this 3000-point center.