To survive in the cryptocurrency world, one must first respect the market—trends are your friends, and going against the trend will ultimately lead to losses. Controlling risk is an eternal principle: never go all-in, remember that a 50% loss requires a doubling to break even, and leverage is a double-edged sword. Overcoming human weaknesses is crucial: FOMO will make you buy at high prices, emotional attachment to projects can cause you to miss stop-loss opportunities, and patiently waiting is the true holy grail of trading. Bitcoin has seen a strong wave of upward movement, with a spike that has once again broken new highs, reaching around 121800. This strong rally also signifies the true return of a bull market. Unfortunately, the short positions we set this morning hit our stop-loss; when you’re wrong, you’re wrong, and there’s nothing more to say. Managing stop-losses is more important than taking profits. There is no invincible warrior in the cryptocurrency market; what we can do is minimize your risk.

From the current market perspective, the strong bullish breakout will drive the price to new highs again, and typically after each new high is broken, there is a pullback space of around 1000 to 2000 points. If we can't catch the upward trend, then we should look for the downward corrections. Moreover, from an hourly chart perspective, although we are currently seeing a three-day upward trend, there is significant selling pressure above, and the bears are rapidly gaining strength. Do not blindly chase the highs; this current level is a perfect high short entry point: #BTC突破12万大关 $BTC

Bitcoin strategy: Short near 121000, target 119500

Ethereum strategy: Short near 3035, target 2950