【Chasing Up and Cutting Down Technique, Same Chase Different Outcome】

Dear friends, here’s a heart-wrenching truth: both seasoned traders and novices chase up and cut down, but the results are worlds apart!

Don’t think chasing up and cutting down is wrong; the key lies in how you chase and how you cut!

Novices chase up and cut down blindly, in panic, without strategy, resulting in being toyed with by the market!

Seasoned traders chase up and cut down calmly, with a plan, decisively, resulting in going with the trend and making a fortune!

What’s the difference?

Holding Ability:

Seasoned traders can hold onto their positions, knowing when to take profits and when to hold;

Novices always lack confidence, running away after making a small profit and missing out on big trends!

Stop Loss Ability:

Seasoned traders decisively cut losses when they face losses; timely stopping losses is also a way to take profits;

Novices are always indecisive, stubbornly holding on, resulting in larger losses!

Trading System:

Seasoned traders have their own trading systems, knowing when to open positions, when to add to positions, and when to stop losses;

Novices operate based on feelings without a system, resulting in disastrous losses!

🔥 Current Market Guide (2025 Passive Income Version)

$BTC : Bitcoin reached a new high of 118800 during the day yesterday, and after the US stock market opened, institutions didn’t dump it; after a pullback, there’s still a new high.

$BNB : Continuing to follow Bitcoin's price fluctuations, weaker than Bitcoin, the recent Alpha points airdrop is all about snatching, retail investors are all complaining, unable to grab.

$ETH : Already touched 3000 and continues to strengthen, rising sharply; the altcoin season is about to come, many altcoins are eager to move, the bull market will end in a few months.

Some important news from yesterday:

1. Bitcoin's market cap surpasses Amazon again, rising to the fifth position in global asset market cap.

2. Ethereum's market cap exceeds that of German software company SAP, rising to the 35th position in global asset market cap.

3. Public company SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation via OTC.

Back to today’s daily BTC technical analysis, from the candlestick chart, the 1-hour level is sideways, the 4-hour level is rising, the 12-hour level is rising, and the daily level is rising, with an intra-day resistance at 120800 and a support level at 114500 USD.

Disclaimer: Personal trading diary, not investment advice! This article comes with a 50% counter-indicator Buff; if the market slaps you in the face, don’t look for me #BTC再创新高 #ETH突破3000