Are you still staring at the market all night? Why not check out my suggestions.


In the cryptocurrency space, monitoring the market is a daily operation for many traders, especially since this market operates 24/7 with significant fluctuations. Many believe that real-time monitoring is necessary to seize opportunities and avoid risks. However, excessive monitoring brings little benefit and can increase stress, lead to emotional trading, and disrupt life rhythms; it must be approached rationally.


Let’s first discuss the common scenarios and purposes of market monitoring:


First, chase breakout trends. For key cryptocurrencies like Bitcoin and Ethereum, many people will watch closely as they approach important resistance or support levels to judge whether they will really break through. For instance, if Ethereum encounters strong resistance around $4000, and if it can break through with volume, it might lead to a one-sided increase, and such opportunities should indeed be followed promptly.


Second, engage in short-term trading or contracts. High-frequency trading and contract operations rely on observing short-cycle K-lines, such as 15-minute or 1-hour lines; some people will focus on these K-lines to spot patterns like triangles or boxes, and then engage in high selling, low buying, or chasing highs and cutting losses.


Third, wait for data or events. Before and after the release of macro data like the U.S. PCE or GDP, the market often experiences significant fluctuations, and traders tend to monitor the market at these key moments to see what impact the news may have and react promptly.


However, watching the market while appearing 'dedicated' actually has its own issues:


First, it’s easy to be swayed by emotions. Staring at K-lines for a long time can lead to anxiety, either from fearing missed opportunities or panicking to sell when prices drop. I have seen people say that staying up all night to watch the market left them physically and mentally exhausted, even reaching an extreme state of being 'bound to the market.'


Secondly, short-term fluctuations have no regular patterns. Price changes in a short period are mostly driven by emotions or large orders, lacking stable logic. If you constantly focus on short-term movements, you can easily fall into the trap of 'false breakouts,' leading to repeated stop-losses and significant losses.


Also, it disrupts life. Some people neglect their families or even harm their health because they are fixated on the market. In fact, those who truly engage in long-term investing pay more attention to assessing the value of cryptocurrencies and adhering to trading rules, rather than staring at screens all day.


Here are a few healthier ways to monitor the market:


First, identify key points. Professional traders do not watch the market every second, but instead set critical price levels and signals in advance, buying and selling according to their plans without changing their minds impulsively.


Second, combine multi-timeframe analysis. First, look at the major trends on daily and weekly charts, then use shorter timeframes to find entry points; don't just focus on small timeframes, as it may obscure the larger direction.


Third, establish clear trading rules. Clearly define when to enter, when to exit, how to manage positions, and how to set stop-losses, so that you can be less influenced by emotions. As one user said, 'Trading is won through discipline and long-term compounding,' not by blindly chasing highs and selling lows.


Fourth, manage your time reasonably. Rest during the day, and at night, take some time to review, or just check in periodically; don’t let the market dictate your life.


Overall, market monitoring is just a tool; the key is how to use it. For short-term traders, appropriate monitoring can help grasp the rhythm; but for most investors, establishing a disciplined and systematic trading method is much more reliable than staring at the market all day, and it can be sustained in the long run.

Bull markets wait for no one; learning and applying it on the spot is too late! Relying on personal exploration can lead to pitfalls, so it's better to follow the right people. Lack of talent is not a problem; the key is to follow the right mentors who can help you avoid traps and seize the opportunities in this market!


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