Emergency Reminder: Consider low-position layouts at present, but there are a few key points to note

Newcomers should avoid contract trading at all costs. The high risks associated with contracts often lead to liquidation, which is not a wise choice for inexperienced investors. In contrast, spot trading is more stable and is recommended as the first choice.

In a bull market, a 10%-20% pullback is a common phenomenon. At this stage, rather than worrying about how much can be earned, it is better to ensure that there is no risk of liquidation before the end of the year; preserving the principal is the priority.

In terms of asset selection, focus primarily on public chains, followed by DeFi, chain games, NFTs, and the direct leading projects of various public chains. Try to pick the top assets in each sector.

In the short term, there is a risk of market pullback, but the overall upward trend remains unchanged. Although last night's PPI data exceeded expectations, the probability of interest rate cuts before the end of the year has not changed as a result. Unless there is an extraordinary black swan event, each pullback in a bull market is actually a good opportunity to enter.

In fact, holding spot assets does not require excessive worry about short-term fluctuations. Achieving a 5-10 times return on high-quality spot assets is not difficult, and the returns are quite considerable. There is no need to blindly participate in high-leverage contracts, as such operations often yield poor results. I hope everyone can grasp the investment rhythm and opportunities well.