I. Overview of Basic Terms

Position: The ratio of the actual amount of cryptocurrency held by the investor to the total investment funds.

Full Position: All funds used to purchase cryptocurrencies.

Reduce Position: Sell part of the cryptocurrency but retain some holdings.

Heavy/Light Position: Refers to the situation where the share of cryptocurrency or the share of funds is large.

Empty Position: Sell all cryptocurrencies held to convert to cash status.

Bull Market/Bear Market: Refers to market conditions where cryptocurrency prices are continuously rising or falling, respectively.

Bull/Bear: Refers to buyers who are optimistic about the rise in cryptocurrency prices and sellers who are bearish.

Bull Trap: The cryptocurrency price has been consolidating for a long time, with a high possibility of a decline. Most bears have sold their virtual coins, and suddenly the bears push the price up, luring the bulls to think the price will rise, causing them to buy in, only to have the bears suppress the price, leaving the bulls trapped.

Bear Trap: After bulls buy virtual coins, they deliberately suppress the price to make bears believe the price will drop, leading them to sell out, ultimately falling into the bulls' trap.

II. Understanding Major Coins

BTC: The pioneer of cryptocurrencies, a representative of value storage.

ETH: A blockchain platform that supports smart contracts.

III. What Are the Major Platforms

B安: Recognized as the world's leading platform, trusted by users in the industry for its security, user base, and trading depth.

OKX: Predominantly for domestic clients, its user interface is simple and has received numerous positive reviews.

IV. Information Websites

CoinMarketCap: View cryptocurrency information and market conditions.

CoinGecko: Analyzes cryptocurrency data and trends.

V. Risk Awareness

The world of cryptocurrency is full of opportunities but also accompanied by risks. As a newcomer to the cryptocurrency space, it is crucial to maintain a learning mindset, invest cautiously, and gradually build an understanding of this industry. I hope this tutorial can be your first step in exploring the cryptocurrency world!

Reminder: This article is for learning reference only and does not constitute any investment advice.

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