"Your best move is to not make any move at all"

This is my advice to newcomers who have just entered the cryptocurrency market recently.

When Bitcoin was around 108,000, I advised newcomers to observe for a while.

This is precisely the period of PVP competition among experienced traders.

It is also a point where entering the market can easily lead retail investors to lose money.

I suggest you hold a lot of cash,

Otherwise, take your excess funds to participate in Binance airdrops,

For newcomers, this is the key moment where FOMO is most likely to occur,

And only a few experienced traders can make money.

I believe that in these past few days, many people have been continuously hitting their stop losses and silently suffering losses without speaking up.

Going long fears a crash at any moment, while going short fears being liquidated at any time, leading to continuous losses in both directions.

At this time, retail investors are continuously giving back the money they earned from bottom fishing back to the market makers.

"The better the market conditions, the easier it is to lose money" describes the current situation.

This is also why I mentioned a few days ago,

During this period, it is best to keep a substantial amount of cash; at most, you can take a gamble on the rebound of altcoins.

You can only use 10-20% of your funds to enjoy the last frenzy of altcoins.

I expect the frenzy period to last until early June at most,

If the rebound doesn't meet expectations, regardless of profit or loss, the next step will be waiting for the start of a crash.

Tomorrow, I will update my thoughts on the complete market situation for June.

I bought in at 1.3 ETHFI a few days ago.

If it performs weakly in the coming days, I will also cut losses.