The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of $Terra (LUNA.CC)$.
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.
In a tumble start...

$UP Fintech (TIGR.US)$
short rate jumped from 16% yesterday to 26% just now and now it's at almost 30%. don't be afraid. it's all shorties at work. hold on to it and wait for it to fly. sentiment is pretty good now but shorties are holding it back. fight them!

Youtube channel: Hopehope赋予希望
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
So it seems that the Biden and Xi's talk earlier this month was pretty symbolic in nature but yet fail to achieve any substantial good faith from the US side. From how I see it, China has been sending signals that they want to do something by having its CSRC to be in talks to prevent Chinese companies listed in US from being delisted (getting their companies to potentially share their working papers with the official auditing firms recognised in US).
US on the other hand has been touching on sensitive areas that we know China is not going to give in. From technological to defense aspect, China is not going to give in and with US insisting to test water on these areas, there may be a chance of greater rift between these 2 major powers. Now with Biden nearing the end of his 1st year of presidency, there are still another 3 years which Biden can "test water" with his policy action.
With US 2022 mid term elections coming in 2022, both senate and congress with Democrats and Republicans taking the opportunities to touch on sensitive areas to get voters' attention, the signals from US may only get worse before getting better like what we saw from the days leading up to 2020 US presidential election between Donald Trump and Joe Biden.
So, stay agile for trading positions for volatility and for me, I will not chase stocks (which I use for trading) at resistance level. Support level has to be watched carefully to see if there is a potential for downside. All in all, I expect greater volatility going into December 2021 and year 2022.
This is my youtube video on the PBOC's report for 3Q2021:
https://youtu.be/cGJ3mxAd39I
I cover macro markets, macro conditions, individual stocks, commodities, etc on my youtube channel.
As always, this should not be construed as any investment or trading advice.
$Lemonade (LMND.US)$ $NIO Inc (NIO.US)$ $XIAOMI-W (01810.HK)$ $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $Huawei Hongmong (LIST0795.SH)$ $DiDi Global (Delisted) (DIDI.US)$ $NetEase (NTES.US)$ $UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ $TENCENT (00700.HK)$ $JD LOGISTICS (02618.HK)$ $JD-SW (09618.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $BILIBILI-W (09626.HK)$

My YouTube channel:
https://youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
Below is my thoughts on the impact arising from COVID variant from Africa.
As always, this should not be construed as any investment or trading advice.
$Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$ $Bilibili (BILI.US)$ $PDD Holdings (PDD.US)$ $Upstart (UPST.US)$ $Lemonade (LMND.US)$ $NetEase (NTES.US)$ $Matterport (MTTR.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (FB.US)$ $Microsoft (MSFT.US)$ $DiDi Global (Delisted) (DIDI.US)$ $JD-SW (09618.HK)$ $JD LOGISTICS (02618.HK)$ $MEITUAN-W (03690.HK)$

$Block (SQ.US)$ Tax preparation company H&R Block Inc on Thursday sued payment company Block Inc, previously called Square Inc, saying the new name infringed its trademarks.
$Ford Motor (F.US)$ $NVIDIA (NVDA.US)$ New car sales in the US are expected to rise next year, driven by pent up demand as automakers were forced to cut production in 2020 and 2021 amid the semiconductor shortage. Edmunds expects 15.2 million more cars will be sold in 2022, a 1.2% increase despite higher prices.