It has been in a sideways trend for 8 days.
BTC has been within the red and blue range of the life line for a long time. In such an unclear market situation, waiting is the best choice. Although Bitcoin has not yet established a trend, its counter indicator USDT.D has now broken above the purple line in the lower chart. If it stays above in a 4-hour timeframe, Bitcoin will soon establish a trend.
The good warriors of the past first ensured they could not be defeated, in order to wait for the enemy to be defeated. Standing undefeated and being good at waiting are necessary to win. The goal of investors coming to the trading market is to make money, and this is correct. However, what we must do first is not to make money, but to avoid losing money, that is, to first ensure we cannot be defeated. With solid fundamental skills, achieve a position of being undefeated and first ensure trading does not result in losses.
Perhaps investors are asking, if I’m not making money, why am I here wasting my time? If you can truly avoid losing money in this market, you have already outperformed over 70% of retail and institutional investors. If you can maintain not losing money for over a year, it proves your fundamental skills are exceptional, and with a record of not losing, why would you fear not winning?
Cheng Buzhi is one of the few undefeated generals in the history of Chinese warfare, achieving a lifetime of invincibility is not easy. Whether on the battlefield or in the investment market, standing undefeated is necessary to have the opportunity to win.
Standing undefeated is the foundation; with standing undefeated, you must also wait for the enemy's vulnerabilities. What does this mean? It’s not enough to be invincible on your own, thinking you are unbeatable and can attack at will. You must also wait for the enemy to have weaknesses to exploit, which is the key to victory.
Wait for the enemy to make a mistake, this cannot be rushed. Market losers are not always lacking in fundamental skills but often do not wait for the right opportunity to strike, lacking patience and skill in waiting, resulting in losses. This is a typical case of knowing one’s own troops are attackable but not knowing the enemy is invulnerable, which is a lack of understanding the adversary. Waiting for the enemy's vulnerabilities means waiting for the main force to expose their weaknesses, then decisively launching a strong attack; saying victory is as easy as reaching into a bag is not an overstatement. First, ensure you cannot be defeated, then wait for the enemy to be defeated; these two aspects complement each other and are both essential. Investors should remember this; it is the way to secure their livelihood.
