Cryptocurrency Diary: Stumbled in the Dilemma of Rebound and Reversal

Today I traded mainstream coins like BTC, ETH, NEO, DOGE, and DASH, and it felt like my digital wallet was pricked with a small hole, with my account balance quietly shrinking — another day of losses due to misjudging the market.

The root of the losses lies in misjudging the trend. After catching a decent rebound last night, I naively took the rebound as a reversal signal this morning. With this blind optimism, not only did I go in heavily, but I also allocated to multiple coins, as if convinced that the market would surge ahead. Now it seems that every time I make such impulsive heavy bets, I end up paying the price.

In the face of a major trend, any sudden rebound should be treated with caution, rather than easily defined as a reversal. Perhaps this wave of increase indeed has the potential to become a reversal banner, but my blind confidence led my entry point to land at the peak, and I spent the whole day in the agony of "high places are hard to endure." Fortunately, the profits from last night's rebound offset part of the losses; otherwise, the drawdown would have looked even worse.

It was only during the review that I realized I still lack experience and have an impatient mindset. The heavy trading this morning was purely based on feeling, without serious analysis of the market, let alone objective judgment. At that time, I mistakenly thought that retail investors who hadn't entered the market would follow the trend and push the coin price higher, which, in hindsight, was truly fanciful.

Only afterward did I understand that the correct approach should have been to take profits and secure them first, then look for opportunities to short. After all, the major trend is still bearish, and the morning's entry point was already high; a rapid rebound is prone to become "a one-wave flow," and an upward movement without sufficient turnover simply cannot stand firm.

Ultimately, it still comes down to insufficient experience, lack of objective analysis, and a hint of greed. Next time, I must remember that trading is for stable profits, not gambling. It is better to miss out than to recklessly take heavy risks. The market always has opportunities, and maintaining a stable mindset is the key to going further. Keep it up.