The market has significantly corrected in the past few days. As a bull, I haven't lost money; instead, I have made a small profit! Let me review and extract some trading experiences to share with everyone.

The market has significantly corrected in the past few days. As a bull, I haven't lost money; instead, I have made a small profit!

Let me review and extract some trading experiences to share with everyone.

1. First, the entry position is very important. In a gradually rising or falling market, if your entry position is at a support or resistance level, then even if you get trapped, there is a high probability that you can break free.

2. Of course, you need to judge whether it's a trap or a real breakout or breakdown. Because in recent market conditions, almost every time there is a breakout or breakdown, it immediately comes back, and then the market starts to reverse into a consolidation phase, which also tends to hit others' stop losses.

3. I shorted from 3860, and at 3700, it reached a key support level. The first wave was a reversal to go long, but I was immediately hit by a sharp drop, getting trapped by over 70 points. At that time, I judged it to be a false short squeeze, where the market makers were harvesting the stop losses of the bulls. The repeated intraday declines formed an effective breakdown. In the evening, when it rebounded near the cost price, I decisively exited my long position.

4. For the second wave of shorts, I entered at 3520-3530 on Saturday, judging that the market showed reversal signals, but of course, I was also wrong, standing at the highest point of the reversal. Subsequently, for two days over the weekend, it continued to decline. I did not choose to stop-loss and exit because I was judging whether the market would change today, Monday. After breaking even this morning and making a small profit, if not, I would likely have chosen to stop-loss and exit when the market rebounded a bit!

5. In summary, everyone still needs to learn to judge whether a market breakdown is a genuine breakdown or a false breakdown. If it's a false breakdown, just hold on. If it's a genuine breakdown and the loss isn't too severe, decisively cut losses and exit. If I hadn't exited around 3700 during this wave, and the bottom dropped to 3350, there's no doubt I would have faced liquidation!

The volatility of Bitcoin isn't very large, and I haven't been particularly deep in the red, so there's not much to share about Bitcoin!

Today is Monday, and I will share my thoughts on the upcoming market trends later! Everyone, please continue to wait.