兰姐的日记
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March 21st, Friday Morning Thoughts
Last night, Sister Lan predicted that the price of Bitcoin would drop to around 830. The actual trend was as expected, with the price falling to 830 and then entering a sideways range, showing very little fluctuation throughout the night. The current price is hovering around the 840 level. From the hourly chart, the indicators show a death cross, but the price is still experiencing slight increases; on the 4-hour chart, the price is currently near the middle band.
Morning trading suggestions are as follows:
- Bitcoin: Short when it rebounds to around 85000 - 86000. Targeting around 83900 - 83100.
- Altcoin: Short when it rebounds to around 2000 - 2040. Targeting around 1940 - 1910.
Last night, Sister Lan predicted that the price of Bitcoin would drop to around 830. The actual trend was as expected, with the price falling to 830 and then entering a sideways range, showing very little fluctuation throughout the night. The current price is hovering around the 840 level. From the hourly chart, the indicators show a death cross, but the price is still experiencing slight increases; on the 4-hour chart, the price is currently near the middle band.
Morning trading suggestions are as follows:
- Bitcoin: Short when it rebounds to around 85000 - 86000. Targeting around 83900 - 83100.
- Altcoin: Short when it rebounds to around 2000 - 2040. Targeting around 1940 - 1910.
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3.20 Evening Thoughts
In today's morning session, Bitcoin soared sharply, strongly breaking through and briefly touching around 87500. However, this good situation did not last long, as the key price level of 87500 failed to provide solid support for Bitcoin's continued upward movement. After a brief pause, it quickly turned downward, initiating a pressure-induced decline, reaching a low near 85400.
The movement of Bitcoin closely followed that of Ethereum. Initially, it surged strongly, reaching the 2070 line, showcasing its strength. But it also could not withstand the market's pullback pressure, gradually declining to around 2010.
A deep analysis of Bitcoin's four-hour chart reveals that the upper Bollinger Band resembles an insurmountable barrier, tightly restricting further upward breakthrough space. The short-term upward path for Bitcoin is fraught with difficulties and limited space. From the perspective of the MACD indicator, the growth rate of the histogram is increasingly slowing down, showing a lack of momentum, which is strong evidence of the gradual weakening of bullish energy.
Suggestions:
- Bitcoin: Consider a short position around 86300, targeting near 84500.
- Ethereum: Consider a short position around 2030, targeting near 1950.
In today's morning session, Bitcoin soared sharply, strongly breaking through and briefly touching around 87500. However, this good situation did not last long, as the key price level of 87500 failed to provide solid support for Bitcoin's continued upward movement. After a brief pause, it quickly turned downward, initiating a pressure-induced decline, reaching a low near 85400.
The movement of Bitcoin closely followed that of Ethereum. Initially, it surged strongly, reaching the 2070 line, showcasing its strength. But it also could not withstand the market's pullback pressure, gradually declining to around 2010.
A deep analysis of Bitcoin's four-hour chart reveals that the upper Bollinger Band resembles an insurmountable barrier, tightly restricting further upward breakthrough space. The short-term upward path for Bitcoin is fraught with difficulties and limited space. From the perspective of the MACD indicator, the growth rate of the histogram is increasingly slowing down, showing a lack of momentum, which is strong evidence of the gradual weakening of bullish energy.
Suggestions:
- Bitcoin: Consider a short position around 86300, targeting near 84500.
- Ethereum: Consider a short position around 2030, targeting near 1950.
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The following are key points extracted about cryptocurrency trading:
1. Methods that seem 'foolish' but can actually be profitable in cryptocurrency trading are worth studying.
2. Three things to avoid in cryptocurrency trading:
- Do not buy when the price is high and buy when it drops to lower costs.
- Never place all your bets to avoid missing opportunities due to passive trading.
- Absolutely do not fully invest, to avoid high opportunity costs and significant losses.
3. Six practical rules for short-term cryptocurrency trading:
- After price consolidation at high and low levels, wait for a clear change in direction before acting.
- Do not trade during sideways movement; the risk is high when market direction is unclear.
- Look at the candlestick chart; buy when the daily candlestick closes bearish, sell when it closes bullish.
- A slowdown in the downtrend means a gradual rebound, while an accelerated downtrend indicates a stronger rebound.
- Use a pyramid buying method to build positions, gradually increasing purchase volume as the price drops.
- After continuous price fluctuations, there will be consolidation; do not sell everything at high positions, and do not buy everything at low positions; respond flexibly based on the change in market direction. #币安上线BMT #币安Alpha2.0
1. Methods that seem 'foolish' but can actually be profitable in cryptocurrency trading are worth studying.
2. Three things to avoid in cryptocurrency trading:
- Do not buy when the price is high and buy when it drops to lower costs.
- Never place all your bets to avoid missing opportunities due to passive trading.
- Absolutely do not fully invest, to avoid high opportunity costs and significant losses.
3. Six practical rules for short-term cryptocurrency trading:
- After price consolidation at high and low levels, wait for a clear change in direction before acting.
- Do not trade during sideways movement; the risk is high when market direction is unclear.
- Look at the candlestick chart; buy when the daily candlestick closes bearish, sell when it closes bullish.
- A slowdown in the downtrend means a gradual rebound, while an accelerated downtrend indicates a stronger rebound.
- Use a pyramid buying method to build positions, gradually increasing purchase volume as the price drops.
- After continuous price fluctuations, there will be consolidation; do not sell everything at high positions, and do not buy everything at low positions; respond flexibly based on the change in market direction. #币安上线BMT #币安Alpha2.0
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Morning Thoughts on 3.20
The major cryptocurrency has rebounded well, with the target adjusted to 88,433, slightly above the 4H EMA200 resistance.
However, this is still just a rebound, not a trend reversal, and going long remains counter-trend.
To truly form a 'bullish reversal', it must effectively break through the EMA200 and stabilize.
For long positions, my thought process remains: take it step by step, see how much can be gained, and stop losses must be followed, prioritizing drawdown control.
Suggestions
Major cryptocurrency: trade near 86900-88600, with a target looking down at 83500;
Minor cryptocurrency: trade near 2050-2100, with a target looking down at 1950.
The major cryptocurrency has rebounded well, with the target adjusted to 88,433, slightly above the 4H EMA200 resistance.
However, this is still just a rebound, not a trend reversal, and going long remains counter-trend.
To truly form a 'bullish reversal', it must effectively break through the EMA200 and stabilize.
For long positions, my thought process remains: take it step by step, see how much can be gained, and stop losses must be followed, prioritizing drawdown control.
Suggestions
Major cryptocurrency: trade near 86900-88600, with a target looking down at 83500;
Minor cryptocurrency: trade near 2050-2100, with a target looking down at 1950.
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Same name across the entire network, can be followed from multiple perspectives
Evening Thoughts on March 19
On the hourly chart, although there has been volatility, it has not been a continuous decline; instead, it has started to rebound after receiving support at a low level. For short-term trading, it is recommended to adopt a buy-on-dips strategy.
Suggestions:
Bitcoin: Buy on dips around 82000 - 82500, with a target of 84000 - 84500;
Ethereum: Buy on dips around 1860 - 1920, with a target of 2020.
On the hourly chart, although there has been volatility, it has not been a continuous decline; instead, it has started to rebound after receiving support at a low level. For short-term trading, it is recommended to adopt a buy-on-dips strategy.
Suggestions:
Bitcoin: Buy on dips around 82000 - 82500, with a target of 84000 - 84500;
Ethereum: Buy on dips around 1860 - 1920, with a target of 2020.
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Evening Thoughts on March 19
On the hourly chart, although there has been volatility, it has not been a continuous decline; instead, it has started to rebound after receiving support at a low level. For short-term trading, it is recommended to adopt a buy-on-dips strategy.
Suggestions:
Bitcoin: Buy on dips around 82000 - 82500, with a target of 84000 - 84500;
Ethereum: Buy on dips around 1860 - 1920, with a target of 2020.
On the hourly chart, although there has been volatility, it has not been a continuous decline; instead, it has started to rebound after receiving support at a low level. For short-term trading, it is recommended to adopt a buy-on-dips strategy.
Suggestions:
Bitcoin: Buy on dips around 82000 - 82500, with a target of 84000 - 84500;
Ethereum: Buy on dips around 1860 - 1920, with a target of 2020.
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A survey shows that women's interest in cryptocurrency investment is gradually increasing. Even with insufficient industry knowledge, most female investors still tend to choose long-term investment strategies and assets like Bitcoin, which are considered low-risk.
Survey data indicates that among female cryptocurrency investors, 50% regard long-term financial growth as their primary goal. Among them, 49% have held digital assets for five years, and 39% plan to hold for more than five years in the future.
This survey covered 1,400 investors, among which over 54% of women chose Bitcoin and Ethereum for their first investment. Over the past year, the number of female investors has increased by an average of 8.1%. However, a lack of investment knowledge remains a key factor hindering women's large-scale participation in cryptocurrency investment.
More than 81% of respondents admitted their lack of investment experience, with 24% of female investors considering insufficient investment knowledge as the biggest challenge, and another 41% of respondents indicated that funding limitations are the main difficulties they face. #币安上线BMT #币安Alpha2.0
Survey data indicates that among female cryptocurrency investors, 50% regard long-term financial growth as their primary goal. Among them, 49% have held digital assets for five years, and 39% plan to hold for more than five years in the future.
This survey covered 1,400 investors, among which over 54% of women chose Bitcoin and Ethereum for their first investment. Over the past year, the number of female investors has increased by an average of 8.1%. However, a lack of investment knowledge remains a key factor hindering women's large-scale participation in cryptocurrency investment.
More than 81% of respondents admitted their lack of investment experience, with 24% of female investors considering insufficient investment knowledge as the biggest challenge, and another 41% of respondents indicated that funding limitations are the main difficulties they face. #币安上线BMT #币安Alpha2.0
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What do you need to learn when entering the cryptocurrency world? Actually, you don't need to study too many complex things; mastering some basic tools for the cryptocurrency world is enough.
There are a variety of digital currencies in the cryptocurrency world, and you need to be clear about which one to buy and how to buy it. Otherwise, relying on intuition to trade cryptocurrencies is not a sustainable strategy.
I have been struggling in the cryptocurrency world for over ten years, initially starting with a capital of 50,000, and have now grown it to 20 million. If your capital is small and you want to earn your first 1 million in cryptocurrency, there is only one method.
If you have ample funds, making 1 million is not difficult. However, if your funds are extremely limited, my advice to you is to use contract rolling. Generally, when a popular coin increases by 30% in one day and you only have 50 to 100 dollars in small funds, you can choose to go long with 20x leverage when the price is low, and continuously reinvest profits, which is rolling profit.
I have been struggling in the cryptocurrency world for over ten years, initially starting with a capital of 50,000, and have now grown it to 20 million. If your capital is small and you want to earn your first 1 million in cryptocurrency, there is only one method.
If you have ample funds, making 1 million is not difficult. However, if your funds are extremely limited, my advice to you is to use contract rolling. Generally, when a popular coin increases by 30% in one day and you only have 50 to 100 dollars in small funds, you can choose to go long with 20x leverage when the price is low, and continuously reinvest profits, which is rolling profit.
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In Volatility, How to Get Unstuck
In a volatile market, many friends may find themselves trapped back and forth in long and short positions, suffering greatly. Today, let's talk about how to get out of being trapped.
1. Once your position is trapped, do not panic and cut your losses. As long as you still have available funds, let the position remain in the market, closely monitor whether the market direction changes. You should know that before you sell, the loss is merely a number on paper, not an actual loss.
2. Be sure to set a stop-loss line for yourself. Once your losses reach this limit, you must decisively cut your losses and exit. Then, patiently wait for the market to recover, and when the price pulls back to an ideal position, re-enter the market. With new positions, you not only have the chance to recover previous losses but can even make additional profits.
1. Once your position is trapped, do not panic and cut your losses. As long as you still have available funds, let the position remain in the market, closely monitor whether the market direction changes. You should know that before you sell, the loss is merely a number on paper, not an actual loss.
2. Be sure to set a stop-loss line for yourself. Once your losses reach this limit, you must decisively cut your losses and exit. Then, patiently wait for the market to recover, and when the price pulls back to an ideal position, re-enter the market. With new positions, you not only have the chance to recover previous losses but can even make additional profits.
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3.19 Morning Strategy
Today also brings important news! For the current market situation, it is relatively easy to discern. Looking at the hourly chart, Hangqing has been in a slow upward phase, but there is still some room for further increase, so this morning we focus on buying low!
For Bitcoin, the recommendation is to watch 83500-85000, with 85500 in sight.
For Ethereum, watch 1920-1940, aiming for 1950.
Today also brings important news! For the current market situation, it is relatively easy to discern. Looking at the hourly chart, Hangqing has been in a slow upward phase, but there is still some room for further increase, so this morning we focus on buying low!
For Bitcoin, the recommendation is to watch 83500-85000, with 85500 in sight.
For Ethereum, watch 1920-1940, aiming for 1950.
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The Great Reveal of Hot and Cold Wallets: The Life-or-Death Choice for Digital Asset Security
In the world of digital assets, wealth can evaporate in an instant. On a morning in May 2023, Mark, an executive at a Silicon Valley tech company, experienced a nightmare. His phone suddenly went black, and after rebooting, $120 million worth of Bitcoin and Ethereum vanished from his crypto wallet.
Police investigations revealed that hackers used phishing software to obtain Mark's hot wallet private key. The entire theft process took only 37 seconds, and Mark's wealth fell into the hands of hackers. This is not a movie plot, but a digital asset security crisis that unfolds every day. Mark's experience exposed the weakest link in cryptocurrency storage—the hot wallet.
Police investigations revealed that hackers used phishing software to obtain Mark's hot wallet private key. The entire theft process took only 37 seconds, and Mark's wealth fell into the hands of hackers. This is not a movie plot, but a digital asset security crisis that unfolds every day. Mark's experience exposed the weakest link in cryptocurrency storage—the hot wallet.
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March 18 Evening Strategy:
BTC Daily Chart, the market may continue to maintain a narrow range of fluctuations in the short term and may experience a rebound. However, since the MACD indicator has not provided a clear support signal, the strength of the rebound is weakened. Continue to follow the major trend in the evening.
Operation Suggestions:
BTC: Short at 83400-84200, target 82000-81000, stop loss at 84900
ETH: Short at 1950-1930, target 1800-1700, stop loss at 1970
BTC Daily Chart, the market may continue to maintain a narrow range of fluctuations in the short term and may experience a rebound. However, since the MACD indicator has not provided a clear support signal, the strength of the rebound is weakened. Continue to follow the major trend in the evening.
Operation Suggestions:
BTC: Short at 83400-84200, target 82000-81000, stop loss at 84900
ETH: Short at 1950-1930, target 1800-1700, stop loss at 1970
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Ten cryptocurrency knowledge points to help you make rapid progress!
1. Don't be greedy or anxious, rationality comes first: The most important thing in cryptocurrency trading is rationality and patience. Being swayed by greed will only make you impulsive and miss out on real opportunities.
2. Insight into the market, multi-dimensional analysis: Don't always think about the single logic of "whales protecting the market"; the direction of the cryptocurrency market is influenced by many factors including global economic conditions, policy changes, and technological innovations. You must analyze from multiple dimensions and avoid making sweeping generalizations.
3. The main force is not a god, maintain independence: The main players in the market face various challenges as well. While you can understand their methods and strategies, you must not blindly follow them. The market is ever-changing, and the main players do not always succeed.
4. Volume at the bottom, cautious judgment: Increased volume at the bottom may be a signal for funds entering the market, but you must not act blindly based on this. You must consider other indicators and market conditions to avoid falling into false breakout traps.
5. Respond calmly, do not fear market manipulation: Market manipulation is very common in the cryptocurrency world, with the aim of clearing out those investors with weak resolve. When faced with manipulation, it is crucial to stay calm and wait patiently for clear market trends before taking action.
6. Medium-term layout, reasonable position control: Focus on holding onto cryptocurrencies you believe in for the long term while ensuring that your positions have certain liquidity. Optimize your holding costs through reasonable rolling operations to maximize returns.
7. Short-term sensitivity, quick entry and exit: Short-term trading requires high sensitivity to the market and quick decision-making. K-line patterns, market sentiment, and price increase rates are all key reference factors.
8. Buy during the bottom formation, patiently confirm: Cryptocurrencies in the bottom formation stage may seem relatively safe, but confirming that the bottom formation is complete often requires a longer time and more market signals. Do not rush into action.
9. Be cautious when chasing prices, control risks: Chasing prices can indeed lead to quick profits, but it also comes with high risks. You must accurately judge whether the upward trend can be sustained and avoid taking over at high positions.
10. Technical assistance, comprehensive judgment: Divergence is a key point in technical analysis that can help predict market reversal timing. However, when using it, be sure to combine it with other analytical methods and the actual market situation, and do not make decisions based solely on a single indicator.
1. Don't be greedy or anxious, rationality comes first: The most important thing in cryptocurrency trading is rationality and patience. Being swayed by greed will only make you impulsive and miss out on real opportunities.
2. Insight into the market, multi-dimensional analysis: Don't always think about the single logic of "whales protecting the market"; the direction of the cryptocurrency market is influenced by many factors including global economic conditions, policy changes, and technological innovations. You must analyze from multiple dimensions and avoid making sweeping generalizations.
3. The main force is not a god, maintain independence: The main players in the market face various challenges as well. While you can understand their methods and strategies, you must not blindly follow them. The market is ever-changing, and the main players do not always succeed.
4. Volume at the bottom, cautious judgment: Increased volume at the bottom may be a signal for funds entering the market, but you must not act blindly based on this. You must consider other indicators and market conditions to avoid falling into false breakout traps.
5. Respond calmly, do not fear market manipulation: Market manipulation is very common in the cryptocurrency world, with the aim of clearing out those investors with weak resolve. When faced with manipulation, it is crucial to stay calm and wait patiently for clear market trends before taking action.
6. Medium-term layout, reasonable position control: Focus on holding onto cryptocurrencies you believe in for the long term while ensuring that your positions have certain liquidity. Optimize your holding costs through reasonable rolling operations to maximize returns.
7. Short-term sensitivity, quick entry and exit: Short-term trading requires high sensitivity to the market and quick decision-making. K-line patterns, market sentiment, and price increase rates are all key reference factors.
8. Buy during the bottom formation, patiently confirm: Cryptocurrencies in the bottom formation stage may seem relatively safe, but confirming that the bottom formation is complete often requires a longer time and more market signals. Do not rush into action.
9. Be cautious when chasing prices, control risks: Chasing prices can indeed lead to quick profits, but it also comes with high risks. You must accurately judge whether the upward trend can be sustained and avoid taking over at high positions.
10. Technical assistance, comprehensive judgment: Divergence is a key point in technical analysis that can help predict market reversal timing. However, when using it, be sure to combine it with other analytical methods and the actual market situation, and do not make decisions based solely on a single indicator.
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Be sure to learn to review, summarize, and review again.
1. It's a big taboo for beginners to play contracts; it's easy to get carried away, so cherish your bullets. Don't wait until the east wind comes, and you have no bullets left.
2. Whether it's spot trading or contracts, you must know when to stop, secure your gains. Ambition can make you lose everything.
3. Be aware that there are many shills in this circle, as well as many scams. Don't play on unknown exchanges (search more, ask more).
4. This is a game that tests insight and endurance. 99% of love has no value; making a profit and quitting is the real victory. Don't think you can eat from start to finish in a straight line.
5. This game is about seeing what cards the dealer plays and responding accordingly. Sometimes the dealer has absorbed enough and will directly withdraw investment to cut the leeks; their funds will rotate to the next coin. Sometimes, if they haven't reached their anticipated position, they will continue to push up and cut the leeks. You must think like a dealer.
6. Recently, don't play on Saturdays and Sundays; there are rarely big rises, and the dealer's funds are not in the market.
7. New coins being listed or added to exchanges are just to cut the leeks. Don't think that the dealer will raise the price for you to make money for free; it's all the hard-earned money of the leeks stacked up. Remember, this is just a game of funds.
8. Be sure to learn to review, summarize, and review again. #稳定币激增
1. It's a big taboo for beginners to play contracts; it's easy to get carried away, so cherish your bullets. Don't wait until the east wind comes, and you have no bullets left.
2. Whether it's spot trading or contracts, you must know when to stop, secure your gains. Ambition can make you lose everything.
3. Be aware that there are many shills in this circle, as well as many scams. Don't play on unknown exchanges (search more, ask more).
4. This is a game that tests insight and endurance. 99% of love has no value; making a profit and quitting is the real victory. Don't think you can eat from start to finish in a straight line.
5. This game is about seeing what cards the dealer plays and responding accordingly. Sometimes the dealer has absorbed enough and will directly withdraw investment to cut the leeks; their funds will rotate to the next coin. Sometimes, if they haven't reached their anticipated position, they will continue to push up and cut the leeks. You must think like a dealer.
6. Recently, don't play on Saturdays and Sundays; there are rarely big rises, and the dealer's funds are not in the market.
7. New coins being listed or added to exchanges are just to cut the leeks. Don't think that the dealer will raise the price for you to make money for free; it's all the hard-earned money of the leeks stacked up. Remember, this is just a game of funds.
8. Be sure to learn to review, summarize, and review again. #稳定币激增
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Let me share with everyone how to set a stop-loss during trading~
1. Protect your capital, reduce risks
When your trading begins, set your stop-loss level to the entry point (make sure it is near the vicinity), this can ensure that even if the market moves against you, you will not incur significant losses. This greatly reduces stress and increases your mental comfort from the market perspective.
2. Gradually adjust your stop-loss
If the market continues to move in a favorable direction, you can gradually raise your stop-loss level, locking in some profits. Setting a stop-loss is the first step; it guarantees that you won't leave empty-handed!
3. Cultivate good trading habits
After setting your stop-loss, it can help you develop good trading habits, avoiding emotional decision-making (such as greed or fear that could lead you to miss exit opportunities)
4. Reduce psychological pressure
Once you have set a stop-loss, you can immediately reduce the anxiety of potential losses.
5. Adapt to market uncertainties
The market is full of uncertainties, and a stop-loss acts like a safety net, protecting you during unexpected events~
1. Protect your capital, reduce risks
When your trading begins, set your stop-loss level to the entry point (make sure it is near the vicinity), this can ensure that even if the market moves against you, you will not incur significant losses. This greatly reduces stress and increases your mental comfort from the market perspective.
2. Gradually adjust your stop-loss
If the market continues to move in a favorable direction, you can gradually raise your stop-loss level, locking in some profits. Setting a stop-loss is the first step; it guarantees that you won't leave empty-handed!
3. Cultivate good trading habits
After setting your stop-loss, it can help you develop good trading habits, avoiding emotional decision-making (such as greed or fear that could lead you to miss exit opportunities)
4. Reduce psychological pressure
Once you have set a stop-loss, you can immediately reduce the anxiety of potential losses.
5. Adapt to market uncertainties
The market is full of uncertainties, and a stop-loss acts like a safety net, protecting you during unexpected events~
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Several types of people who will definitely lose money in the cryptocurrency circle
First, there are several types of people who will definitely lose money if they just speculate in the cryptocurrency circle. They may rely on luck to ambush a certain doubling coin, but they will lose it back later with their strength! Novices only know how to go all-in, and they also like to chase ups and downs. They have no idea what position management is, what stop-profit and stop-loss are, and they always have full positions and tears in their eyes! (For newbies, I suggest not to touch the cryptocurrency circle, it is really easy to lose money! Watch more and do less!)
Second, small capital players, for example, you only have a few thousand U! Want to make millions! There are people in the cryptocurrency circle who have turned a few thousand U into millions, but most of them are made rich in the primary market and contracts!
Second, small capital players, for example, you only have a few thousand U! Want to make millions! There are people in the cryptocurrency circle who have turned a few thousand U into millions, but most of them are made rich in the primary market and contracts!
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BTC used to be called digital gold by everyone, believed to be a safe haven, but now it's behaving just like the stock market and tech stocks; with every little disturbance, it plunges, leaving no trace of a safe haven.
In the short term, it's just a speculative asset, with terrifying volatility; but in the long term, it has some value storage implications.
Currently, its identity is quite split. After institutions got involved, it resembles a toy for Wall Street, somewhat contrary to the initial freedom dream of retail investors.
In trade wars, bank failures, etc., gold can still hold strong, but BTC is easily swayed by emotions.
You call it a safe haven asset? I see it more as a "conditional" safe haven; at critical moments, it still depends on market sentiment.
With BTC, you need to be careful if you want to make quick money in the short term. Holding it long-term might still have potential, but don't expect it to save you.
In the short term, it's just a speculative asset, with terrifying volatility; but in the long term, it has some value storage implications.
Currently, its identity is quite split. After institutions got involved, it resembles a toy for Wall Street, somewhat contrary to the initial freedom dream of retail investors.
In trade wars, bank failures, etc., gold can still hold strong, but BTC is easily swayed by emotions.
You call it a safe haven asset? I see it more as a "conditional" safe haven; at critical moments, it still depends on market sentiment.
With BTC, you need to be careful if you want to make quick money in the short term. Holding it long-term might still have potential, but don't expect it to save you.
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Why do those 'smart' retail investors always end up with losses in their accounts?
1. Weak awareness of risk control: When trading, controlling risk is of utmost importance, yet many traders, especially newcomers to the market, often neglect it. In the face of market fluctuations, they do not respond reasonably but instead stubbornly endure, ultimately falling into difficulties.
2. Erroneous decision-making after being trapped: Once trapped, how to choose is crucial. If the untrapping strategy is wrong, no amount of effort will be fruitful. Decisions must be made decisively based on market conditions; sometimes, a lack of decisiveness in letting go makes it hard to escape the predicament.
3. Chaotic position management: Many traders lack a clear understanding of their positions, operating randomly, which often leads to liquidation. In fact, both increasing and decreasing positions require knowledge; scientifically managing positions can effectively reduce risk.
2. Erroneous decision-making after being trapped: Once trapped, how to choose is crucial. If the untrapping strategy is wrong, no amount of effort will be fruitful. Decisions must be made decisively based on market conditions; sometimes, a lack of decisiveness in letting go makes it hard to escape the predicament.
3. Chaotic position management: Many traders lack a clear understanding of their positions, operating randomly, which often leads to liquidation. In fact, both increasing and decreasing positions require knowledge; scientifically managing positions can effectively reduce risk.
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