Since Trump took office, the cryptocurrency world has been full of ups and downs. Today is good news, tomorrow is bad news, and the information is overwhelming. There was also an incident on February 2nd, and I don't know how many brothers have lost everything—jobs gone, girlfriends gone.

Everyone comes to the cryptocurrency world wanting to make money, or they hear about friends of friends who created wealth myths, becoming rich overnight. In the end, they can't help but join in, only to find themselves either standing at the peak or facing liquidation, losing everything overnight.

Returning to the main topic, is the bull market still on in the cryptocurrency world? I subjectively believe that the bull market is still temporarily ongoing. Whether from the perspective of news or technical analysis, it is not yet a bear market. One can refer to the signals for exiting a bull market, and so far, none of them have been hit.

The price of Bitcoin is currently in the range of 80,000 to 70,000, in a tug-of-war zone. If the price breaks below 70,000 and falls back to the starting point, then the situation will really be uncontrollable. At that time, brothers should cut losses, bottom fish, and go back to work, waiting for the next wave to become fodder.

Then I want to talk to the brothers about contracts. Ninety-nine percent of people in the cryptocurrency world trade contracts. Contracts are for short-term trading; brothers should not treat them as long-term positions. If you can't bear to set stop losses, you'll end up with liquidation. Although liquidation is a necessary path, I lost over 20,000 USDT during the February 2nd incident, so I advise brothers to definitely set stop losses. Everyone wants to be like Liangxi, hoping to achieve financial freedom in one wave, becoming the V8 leader. But those who think this way are almost all delusional. I'm not saying this out of bitterness; it's just that a gambler rarely has a good ending. Successful gamblers are too few. Even if Liangxi goes bankrupt, he still has fans to support him. When we ordinary people go bankrupt, we really can only deliver takeout to pay off debts.

Finally, the current market is not suitable for opening positions. If there are suitable trades, I will also publicly announce them in the square. If you make money, just give me a like; if you lose, don't come to scold me. I will argue with you, and everyone is welcome to discuss in the comments section #美股大跌 #加密市场观察 $BTC $BTC #加密市场回调 #加密市场观察 #美股大跌