If you want to avoid burning your capital… get into the habit of looking at larger candle frames.

I find the BTC and ETH situation quite surprising. In our group, we've been joking about the market trends for a long time.

I understand and empathize with everyone because I have experienced similar situations myself.

When one can't make their own trend assessments and perspectives, it's common to browse through groups to read market analysis. Ironically, those groups often only provide opinions for Long and Short. So, we primarily look at 15-minute, 1-hour, and 4-hour candles. As a result, those shorter frames look very nice, appearing as if they are about to go to the moon. But in reality, the larger frame is forming a pattern and a group of candles reflecting a negative trend, which we do not realize.

Therefore, to survive and avoid being surprised in this market, one should develop the habit of looking at larger candle frames to make assessments for upcoming market trends. And of course, since we are looking at larger candles, it requires time measured in Days to develop. Don’t expect that what you see in the morning —> will happen by the afternoon 😅

P/S: Below the image, I have marked 2 price points; they represent that price range but it doesn’t mean it will necessarily reach the price point I marked. I'm just an ordinary person, so I don't know how the skilled traders operate. Therefore, the price ranges around 110-111, 112k or 4.2-4.1-4k for BTC and ETH are starting points to observe how the price reacts before making the most reasonable assessment.