I invested 80,000 in cryptocurrency trading, and after 10 years of ups and downs, I can now support my family through trading! I have summarized 8 ironclad rules to help retail investors quickly understand the market. The content is brief but valuable, and understanding it can save you years of detours.

These are lessons learned from years of experience in the market. By sharing them today, I hope to help everyone avoid unnecessary detours and achieve satisfactory results in the crypto space as soon as possible.

1. Make Good Use of Morning Trends: In the morning, the crypto market's emotions are at their purest. If prices plummet significantly, don't panic; this might be a good opportunity to buy at a low price. Conversely, if prices rise sharply in the morning, don’t be greedy; take the opportunity to sell for profit and secure your gains.

2. Master Afternoon Strategies: If there is a sudden surge in the afternoon, don’t be swept away by the excitement and chase in; it’s often a false alarm, and buying at high levels can be risky. Conversely, if there is a significant drop in the afternoon, maintain your composure, observe for a while, and look for low points to enter the next day, which often allows you to acquire low-priced assets.

3. Maintain a Calm Mindset During Declines: If you wake up in the morning to see a significant drop in cryptocurrency prices, don’t rush to cut losses. The market changes rapidly, and early fluctuations are often a form of misdirection; if the market is stagnant with no movement, don't be anxious. It might be better to take a break, conserve your energy, and wait for opportunities.

4. Strictly Adhere to Trading Principles: If the cryptocurrency you hold hasn't reached your expected high, don’t sell easily; a small profit is still a loss. If it hasn’t dropped to your psychological price, hold off on buying impulsively to avoid catching a falling knife; during consolidation phases, when the trend is chaotic and direction is unclear, trading is like a blind person touching an elephant; it's better to observe from the sidelines.

5. Operate Based on Candlestick Patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good time to enter. A bullish candle indicates a short-term upward trend, suggesting that it’s wise to sell at a high price and secure profits.

6. Breakthrough with Contrarian Thinking: To stand out in the crypto space, sometimes you have to go against the grain. When everyone is fervently chasing, maintain a little more calm; when panic selling occurs, be more decisive and dare to operate contrarily, so you can find niche opportunities for wealth outside the mainstream tide.

7. Endure the Pain of Consolidation: When prices consolidate at high or low levels for an extended period, it can be quite trying. During this time, don’t let anxiety push you into action; be patient and wait until the trend becomes clear, whether it’s an upward attack or a downward probe, then strike with full force.

8. Seize the Final Surge: After a long period of consolidation at high levels, if there is a renewed surge, don’t hesitate. This is likely to be the last frenzy. Sell promptly to secure your profits; otherwise, they might vanish quickly, and a cooked duck could fly away.

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