【The 5-day indicator at a high level is still not at the bottom】 When others are fearful, I am greedy. Near 4840.2, I will take a small profit on some short positions if it drops a little more, and then set a breakeven stop loss!

Friends who have watched my video "How to Select Coins in the Crypto Circle, How to Select Stocks, Guidelines for Bottom Fishing and Topping" know that when the 5-day level indicators of the market (Bitcoin) show a peak, it is not a good entry opportunity! The indicators at the 5-day level are still showing a peak!

Personally, I will wait until the 5-day level stochrsi reaches the bottom before aggressively bottom fishing. This may result in missing out on a small segment, but I definitely won't incur losses!

Whether the market is at a significant bottom or in a stable rising period is very important!

Only when the market reaches a significant bottom or is in a stable rising period can one freely bottom fish. If the market has already peaked or is about to peak, then there is no need to bottom fish; it is time to rest! Resting is also an art!

To determine whether the market is at a significant bottom or in a stable rising period, one needs to judge using the 5 [very simple and practical foolproof indicators] introduced above.

When these 5 indicators bottom out at the 5-day level, it signifies a mid-term or even long-term bottom, and such a bottom provides participation opportunities lasting over 3 months.

However, if it only bottoms out at the daily level, the participation opportunities are relatively short, typically less than 1 month, and sometimes only a few days. Therefore, we must ensure that the market is at a significant bottom or in a stable rising period at the 5-day level, so that it is actionable!