Market Review:

Yesterday's market can be said to be a day that will be recorded. Bitcoin dropped 17.15% in a single day (21,007 points); Ethereum dropped 22.58% (991.6). It can be said that whether bearish or bullish, it was a very difficult day. For us, our long position from last night was directly hit. Although we opened a short position in response, the long position re-entered at 4130 was again swept away, resulting in no profit. I believe many people couldn't sleep well last night. This kind of market tells us the importance of reasonable position planning and stop-loss setting; having a fluke mentality is destined to be taught a lesson by the market.

"Main Long Position" Nearly 24H Liquidation Across the Network: $4.279 Billion, Long Position Liquidation: $3.036 Billion

In just half a month, the bulls have had a life worse than death. I believe this time the bulls should be completely cleaned out.

Contact Me: I am Zhang Xiaoming (Public Account)

Market Analysis:

Regarding Bitcoin, the drop yesterday was indeed severe, but the recovery was also strong. Such a market is likely aimed at forcibly sweeping away a batch of positions, hence the sharp drop. In the end, it successfully recovered to the 110,000 line, forming support, which also indicates that the upward movement has not ended; it is just waiting for the right moment. Therefore, in the next few days, whether it is a technical correction or a market sentiment adjustment, it is likely to first experience some fluctuations. We should pay close attention to next Monday; over the weekend, European and American traders generally do not trade, so Monday will be crucial. Whether the market continues to decline and completely ends the bullish trend, or consolidates and recovers before continuing to rise, will have an answer.

For me, I do not believe that the bullish trend ends here. I still expect a push towards the 155,000 line this year. Therefore, regarding the upcoming trend, I think the best scenario is to first experience a few days of fluctuations, then have another drop to completely dishearten the bulls, and then start a strong rally. So, in the next few trading days, we can treat the market with a fluctuating mindset. Then, based on the actual market response, we can formulate corresponding strategies. Therefore, if you need real-time strategies or want to communicate, you can contact me: I am Zhang Xiaoming (Public Account).

Operational Strategy:

First fluctuations, then during the fluctuations, a drop followed by a direct rise.

Ethereum's trend on the daily chart is basically in sync with Bitcoin. Both dropped to the upward trend line and then quickly rebounded, indicating a strong intent to target and sweep away the long positions based on the trend. Therefore, the upcoming strategy for Ethereum is consistent with Bitcoin; do not be overly pessimistic, the upward movement has not ended, just wait for the fluctuations to end, and then act accordingly.

Operational Strategy:

Look for opportunities during the fluctuations, then enter long positions.

Author's Message:

After last night's sharp drop, the most common phrases I heard today were:

1. I got liquidated;

2. I should have exited when it first dropped; I shouldn't have held onto hope;

3. The crypto world is really terrifying;

Here, I want to share my feelings. Such market conditions in the crypto world are not the first time, and they certainly won't be the last. It happens every so often, so if you want to live in the crypto world, you must have a good mindset and execution ability. In the crypto world, there are many opportunities, and flipping your capital can happen very quickly, but losing it can also be very easy. This leads us to the following points that we must adhere to in crypto trading:

1. Develop your own trading plan. For example, set a daily profit target of 10% while also setting a loss limit of 5%. Then, every time you enter a trade, you must strictly execute this plan and set a stop-loss position for each entry.

2. Understand the necessity of stop-losses. Having a fluke mentality in the crypto world can lead to being taught a lesson at any moment. A reasonable stop-loss can help us avoid many risks. At the same time, stop-losses can help us preserve profits, allowing us to pursue larger profits without worries. For example, if you enter a short position on Ethereum at 4400 with a stop-loss set at 4350, when the market rises to 4450, we can move the stop-loss up to 4420. This way, even if the market reverses, we can still take a profit without losing our principal. Only in this way can we have enough confidence to pursue larger profits.

3. Understand the importance of capital. Once our positions have sufficient profits, we must timely transfer our principal out gradually, using profits to make money. Only in this way can we remain invincible.

4. Timeliness of trading. The market is volatile. Many people habitually look online for various analyses before making trades, but we must understand that all analyses are based on prior predictions, and since predictions cannot be 100% accurate, if you feel your trading skills are insufficient, you must maintain sufficient communication and timely communication with people you trust. Only in this way can you respond to changes effectively.

The crypto world is ever-present; may we both profit.

Unified Name Across the Network: I am Zhang Xiaoming (Public Account)

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