What is meant by 'chives':

1. Those who understand nothing rely entirely on feelings.

2. Understand some technical indicators, thinking they are the next Wolf of Wall Street.

3. Those who understand technology and the tricks of the dealers but are not willing to give up.

Which type do you think you belong to?

Dealer's trick 1: Pulling sharply upwards, then pairing it with some soft articles, and the same goes for falling.

e.g. 1. Bitcoin will go to 150,000, Bitcoin will go to 200,000; the bear market is here! Cryptocurrency is a scam!

Dealer's trick 2: Targeting those who understand technology but do not fully understand it.

e.g. 2. The third wave is starting with a target of 135,000, but how many people will fall off their horses on the way to 135,000? For instance, from 123300 to the current deep retracement, if you chased the long, you should clearly understand how painful it is!

Dealer's trick 3: Targeting those who are very proficient in technical indicators but like left-side trading, unwilling to lose, and cannot strictly follow their own stop-loss points.

e.g. The entity in the picture breaks through 118300, which looks very much like it is going to 118900 or even testing the two key pressure points of 119000-119500. You see the first candle on the 15-minute chart breaks 118300, the second has a huge lower shadow, the third is a pullback, and the fourth is a pullback with no upper shadow. At this point, no matter when you choose to go long, you would have definitely lost and exited yesterday. These people usually have a lot of faith in their judgments, and once they enter, they tend to use moderate positions. Does this sound like you?

Finally, let me explain the fans' question today about why it did not hit 117,000?

The first point: I am not a dealer, I cannot short the market, but I know the habits of dealers, which is to launch a sudden attack of more than 1200 points when liquidity is poor, throwing some longs or shorts off the bus.

The second point: When I posted, it had not yet surged to 118450, calculating approximately 1000 points down from that position.

The third point: The article mentioned taking profits in batches, and someone asked me if I was not aiming for 115,000? How can I take profits in batches? My answer was that there would still be opportunities, just to catch a short wave. I then sent out a channel as a reference for profit-taking points.

I still hold my short position on Binance with an average price of 119300, everyone can see that I slept well last night because I am confident this is a small profit wave, just waiting to harvest. However, my short position incurs daily funding fees of one or two hundred US dollars, haha!

There is still an opportunity now, next in the 112-114 range for three positions long, wherever it can hit at that time, money is endless, you need to be patient, whether to eat more or less depends on fate!