Weekend Trading Insights
Another week is about to pass, and the market has clearly experienced increased volatility this week, with wild fluctuations. On Friday, BTC and many altcoins didn't experience significant crashes, and even rebounded over the weekend as expected, except for ETH, which has been stagnating around the 4400 mark for two days!
When things seem unusual, there must be something behind it. Is the market going to end here? After experiencing five consecutive months of fluctuating rises, BTC rebounded from 74457 to 124545; ETH rebounded from 1385 to 4788; SOL rebounded from 95.26 to 209.86; besides BTC, most other mainstream coins have doubled in value!
Except for BTC/ETH, other tokens have basically not recovered to their highs at the end of 2024. The market continues to show polarization, proving once again that mainstream funds do not speculate on altcoins at all. Altcoins rely entirely on their own frameworks and strengths. Projects with a solid framework still follow the market to provide liquidity, while those without a framework often go to zero after entering the alpha sector or TGE. In the past, listing on CEX was known to be a sign of quality altcoins, but now listing on CEX is understood as the last chance for survival!
Therefore, this year we have focused our contracts on BTC/ETH/SOL/DOGE, and we dare not touch other altcoins at all. Even when trading them, it is based on BTC showing a trend, not during times of uncertainty!
Overall, this year has been good; the number of profitable trades and potential gains far exceeds the number of losing trades and bears. However, this journey has been bumpy; what you thought was asset growth is not a straight line soaring into the sky. The actual asset trend is marked by highs and lows, wild surges and drops, standing still, or even losing money;
This emphasizes the importance of asset selection and operational skills!
This year, we haven't even dollar-cost averaged into any altcoin, only into stable ones like BTC/ETH/SOL/TON/platform coins/DOGE!
This weekend, remember one thing regarding Friday's trades: 4250-4300 is the final support level; if it breaks, stop-loss. Next week, you can earn back through 1-3 take-profits; our core principle is to steadily accumulate profits, not to achieve 100% win rates, nor to manipulate images, nor to hold onto losing positions! If it doesn’t break, there’s a chance for 4480-4500/4550 by Monday evening to stop-loss and gradually reduce positions for exit!
Yesterday's weekend trading suggestions are still valid; you can refer to them!
Wishing all my friends a pleasant weekend!