Dog thing

The evening bullish expectations were thwarted, as Bitcoin's situation took a sharp turn in the early morning, plummeting all the way down and ultimately breaking the key support level of 98,000, resulting in a one-sided decline. This drop was indeed unexpected, hitting shorts hard, with stop losses of 800 points and 50 points! To be precise, after the Federal Reserve's actions, it's a washout phase.

Market traps always lurk nearby, and investor greed is like cancer; to eradicate it, one must undergo a painful and thorough surgical procedure for a chance to survive. Failing to restrain greed and allowing risks to drift away leads to an out-of-control situation, which is the reason for substantial losses for most.

Of course, in such a violent downtrend, those who need to stop losses should do so; stop losses are not frightening. What is frightening is holding onto positions and mindlessly adding to them. At this time, the trading system becomes particularly important; the system is not about helping us earn money, but rather about restraining us from losing money. Losing less is gaining.