All friends who engage in trading with $BTC are no strangers to the term technical analysis. Everyone has their own understanding of technical analysis and their own preferred analytical methods. However, not everyone correctly understands the essential principles of technical analysis when using it.

Many people believe that the essence of technical analysis is to look at candlestick charts and identify chart patterns. In fact, whether it is candlestick charts or chart patterns, these are merely tools of technical analysis, not the essence of technical analysis itself. The market will not necessarily follow a certain trend simply because the candlestick chart presents a certain shape.

The principle of market price fluctuations is the change in the balance of supply and demand between buyers and sellers, while candlestick charts and chart patterns are just important tools we use to analyze this supply and demand relationship. The essence of technical analysis is actually to analyze the supply and demand balance behind the market through candlestick charts, to understand the stories happening between buyers and sellers, and to speculate on future market trends based on the stories we see.

As a successful investor, do not be afraid of losing, but rather dare to win. One should not be satisfied with small gains, nor should one hesitate to invest again due to losses; only then can one cultivate a calm mind. In fact, investing is quite easy. As long as you have a good mindset and sufficient skills, it is still quite easy to achieve good returns in the cryptocurrency market.

To take up is survival, to let go is life; to take up is ability, to let go is wisdom. Some people cannot take up, so they do not care about letting go; some people can take up but cannot let go. If you cannot take up, you will be mediocre; if you cannot let go, you will be exhausted. There are many things in life that need to be let go. Only by letting go of those unnecessary burdens can we move forward gracefully.