Let's talk about the market conditions for $BTC and $ETH . I have explained this very clearly in previous live streams. First, let me mention a few key points: 1. The trend is the sky; 2. The key levels are the ground; 3. The signals are in the middle; these three are the most important aspects of trading contracts and spot. Written descriptions, no matter how detailed, can never be as clear as explanations combined with real-time trading during a live stream. Today, I mainly want to explain the situation during the live stream.
1. The overall direction for BTC and ETH is bullish. Try to buy on dips as much as possible. Although shorting goes against the trend, if you position yourself well, you can still take the risk. Ideally, the risk-reward ratio should be above 1 to 1.5, which is more cost-effective;
2. Generally, price movements can be divided into three situations: upward, sideways, and downward. Haha, it might sound like nonsense, but it's true. Price movements can generally be observed in real-time, and the patterns drawn in naked candlestick charts can also be seen, with various shape transitions: continuation -> downward -> continuation -> downward -> continuation - (reversal) -> upward; we just need to make good arrangements during the continuation phases, trying to buy at the bottoms of the continuation patterns for a suitable risk-reward ratio. The same logic applies when shorting at the tops of continuation patterns. However, nothing is absolute; we also need to look at the trend. If you insist on going against the trend, the probability of failure greatly increases;
3. Position management: In the later stages of a bull market, U usually accounts for over 80%. So what does mid to late stage mean? I'm looking at Bitcoin; at its current position, if it rallies, this price is about right. Some people say 150k or 200k, but that needs to be based on facts, not just random guesses; Personally, I prefer to have 80% of the total position in spot and 20% in contracts. The contracts are primarily used for small bets to make bigger gains, not as a gambler's tool. Remember this: those who try to get rich overnight through contracts often end up facing liquidation overnight. 😄 Recognize reality, stay grounded, and proceed steadily. Alright, that's about it. If I write too much, I might exceed the word limit. (Typed out by hand)