I have experienced almost three waves of bull and bear markets in the cryptocurrency space. The crypto world has given me a lot and taken quite a bit as well. I went from trading spot with hundreds of thousands to making over 10 million, then played with contracts and lost everything in just half an hour. Although all that was lost was profit, it was still heartbreaking. Therefore, I deeply understand that in this industry, you must learn to protect your principal before making money. The market conditions today are something I am used to; those who haven't experienced the crypto space would definitely be frightened to death. In fact, I have repeatedly warned about the risks in the past. Bitcoin has already formed a divergence at a high position. After exiting at a high, most people cannot control their hands and want to make quick money during the pullback. You must set stop-losses and run after making a profit. I advise newcomers to avoid contracts as much as possible and focus on mainstream spot coins, steering clear of altcoins. Whether you are a novice or an old hand, position management in contracts, regardless of high or low leverage, must be well controlled. Don't go all in at the drop of a hat. Market fluctuations are numerous, and sometimes I can't remind everyone in real-time in the square. So, it is essential to manage risks well. I usually play contracts with small funds, transferring profits out regularly. I provide support and pressure, and if you find it useful, feel free to take it as a reference. Everyone should communicate more. In fact, many people underestimated this wave, thinking that after the Spring Festival, the market would see a deep dip. Including during the last pullback, I thought it would dip deeply, but unexpectedly it chose to do so during the Spring Festival. The Americans really are difficult to deal with and tend to cut losses for the Chinese. Bitcoin's price of 73,000 took off last Spring Festival and hasn't even pulled back since.