Recently, more and more people who have gone long are getting liquidated, which exposes an old problem: many traders tend to chase rising prices and sell during dips. Last night, the market rebounded to around 85500, and many people immediately became excited, feeling that the bullish trend had opened up, so they began to enter the market to chase long positions. By nighttime, the market was fluctuating around 85000 without a significant drop, which made those chasing long positions go even more crazy today, fearing they would miss the opportunity to make money. However, as soon as the market started to fluctuate, a large number of long positions were liquidated. If the market really falls to the lower support level, the losses will definitely be extremely severe.

Friends who are shorting should not be complacent; they should reduce their positions when necessary. Those who have not entered short positions do not need to rush. We remind everyone that when chasing shorts, do not wait for the market to drop to the lower support level before acting, otherwise you will easily get cut like leeks. It is not advisable to chase rising prices or falling prices in trading. The correct approach is to gradually short at resistance levels with light positions and gradually go long at support levels with light positions. Although this method cannot guarantee a 100% success rate and stop-loss situations may occur, at least it avoids chasing long positions at high prices and short positions at low prices. #Circle上市 $BTC