"The depth of the digital currency market has drowned too many people, but it has also lifted up countless myths of getting rich quickly." This sentence was written on a rainy night at the Mt.Gox exchange when I was forced to close my position for the third time. After struggling for four years from the bull market in 2017 to the bear market in 2021, I finally understood the fatal code of this cannibalistic market - those traders who survived are arming themselves with these hidden survival rules.

Article 1: The sharp rise and fall is the breathing technique of the main capital (with operation examples)

Do you remember the roller coaster market of LUNA during the DeFi summer last year? When a memecoin soared 800% in 3 days and then halved, do you think it was a coincidence? In fact, it was the main funds performing the trio of "absorption-washing-pull-up". My former colleague Xiao Zhang suffered a loss. He entered the market heavily when the altcoin rebounded for the first time, but was trapped by the subsequent waterfall-like decline for half a year. The real master will wait like a sniper: when the price drops rapidly and then reverses in a V shape, and the trading volume shrinks to 1/3 of the average volume line, it is the best time to enter the golden pit.

Rule 2: When an M-shaped head is formed, please be prepared to break your arm (a lesson learned from blood and tears)

The epic crash of Bitcoin in May 2021 still makes people feel scared. At that time, I believed in the nonsense of "eternal bull market" and kept covering my position near $46,000 until three consecutive days of heavy volume and Yin-envelope Yang completely broke through my psychological defense line. Now I have created the "double top escape rule": when the price touches the same high point for the second time, whether profit or loss, you must halve and leave the market. This is not to teach people to short, but to put a rein on greed - when ETH formed a double top at $2,800 last year, timely retreat allowed me to avoid the subsequent 30% correction.

Article 3: Trading volume is a mirror that reveals the true nature of fraud (practical analysis)

In the collective carnival of the AI ​​sector this spring, what I am most wary of are those targets that "rise without volume". Just like Solana's rally in March, although the price hit a new high, the daily trading volume remained below $200 million. This is obviously a castle in the air directed and performed by the dealer. On the contrary, when Polygon broke through $1.2 in early June, accompanied by a volume three times the daily average, this was the real signal for capital to enter the market. Remember: a rise without volume support is like a mirage in the desert.

Article 4: Buying at the floor price is a gentle trap for leeks (deep reflection)

Do you remember the desperate moment when LDO was sideways at around $1 for three months last year? At that time, 90% of the people in the group were all in with the mentality of "picking up a bargain", and were eventually completely defeated by the subsequent waterfall-like decline. Now I only believe in the iron rule of "scaling down and stabilizing, then increasing volume": when the price falls to the previous low but continues to shrink, it often means that a greater crisis is approaching. The real bottom position should be established when the right side breaks through the downward trend line with large volume, rather than blindly reaching out in the abyss of fear on the left.

Article 5: Emotions are the market's long and short converters (philosophical thinking)

The recent surge in BNB perfectly illustrates this point: when Musk tweeted late at night that "DOGE should replace BTC as the currency of the earth", market sentiment was instantly ignited, and the daily trading volume soared to US$4 billion. But I would like to remind you that this kind of emotion-driven market is often accompanied by huge risks. My trading diary always records two key moments: the panic selling during the global circuit breaker in March 2020, and the avalanche caused by Tesla's announcement to suspend Bitcoin payments in September 2021 - history never repeats itself, but human nature is always greedy.

In this roller coaster market, surviving requires more wisdom than making big money. If you have ever stared at the candlestick chart late at night and tossed and turned, and if you are also upset about not being able to catch the turning point between bull and bear, you might as well leave your trading story in the comment area. Perhaps the next in-depth analysis will be a tailor-made way out for you. Remember: the real masters first learn how to live elegantly, and then consider how to get rich elegantly.

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