It's that familiar weekend segment again. This week, the price of the coin has fluctuated significantly, making quite a scene. With such large volatility, some people are making money, while many are losing. Everyone knows this, but they just don't want to face reality; there's always a glimmer of hope. They think that after a rise, there will still be a drop, and they stubbornly keep adding to their positions, not realizing that the market makers are always watching the backend data. They won't let go until they have cut the retail investors down. Anyone who goes against the market will likely end up with poor results.
In this market, there are only two types of people who can truly survive! One is to trade trends in the long term; once the major direction changes, do not hesitate to exit or adjust positions. The other is to trade short-term, moving quickly or slowly, strictly controlling position sizes without averaging down, and strictly using stop-loss and take-profit orders without being blind! To survive in any market, don’t think like the majority. Small fluctuations might allow for some gains, but once a one-sided move comes, you’ll be the one getting cut. Always be prepared to exit; don’t put everything on a single trade!
Regarding the upcoming market, I personally believe that the bulls still have a chance. As long as this week’s closing price stays above 116,000, it can still strengthen. If it can regain the 120,000 level, it will definitely accelerate and break new highs. Therefore, if the price hovers around 117,000, you can consider building a bottom position. If a significant drop occurs, you will need to adjust your strategy and go short instead. Don't fantasize about a sustained bull market, at least not in the short term.
With such a large market this week, many friends without good habits are likely trapped at the peak. If your position is not heavy, you can consider averaging down based on the specific situation mentioned above. If your position is very risky, then strictly monitor the support levels to manage your risk. A steady and sustainable approach is what we pursue! Those who truly don't understand how to operate or don't know what to do can also talk to Duan Chenbei.