Review
Recently, due to the military conflict between Israel and Iran, especially with the involvement of the US military, combined with the Federal Reserve's reluctance to lower interest rates, the entire market has dropped significantly, and my two long positions were stopped out.
In the morning review, I realized that the core issue was—I ignored the price action itself.
If the market is truly bullish, if funds continuously flow in and institutions buy in large amounts, the candlestick chart will definitely reflect that; the structure will be more beautiful, and the trend will have more continuity. However, the candlestick charts of the past few days have not looked good, and I wishfully ignored the information provided by the charts.
No matter how bullish on-chain data, capital flow, or social sentiment is, if the price itself does not support it, then it is just "supplementary information." If the price does not support a viewpoint, it is wrong.
In the future, I will prioritize looking at price structure, candlestick patterns, and only then will I look at indicators and on-chain data for assistance.
Remember, price action is more honest than fundamentals.
