In the midst of strategizing, we decide victories from thousands of miles away. Hello everyone, I am Lin Chao, a global financial market observer, focusing on cryptocurrency market analysis, bringing you the most in-depth trading information analysis and technical teaching.

Currently, the market is filled with bearish sentiment, emphasizing how it rises and then falls back down. Lin Chao informed everyone yesterday that in the short term, bearish sentiment will continue to dominate, even providing specific levels yesterday. Today's market turned around immediately after reaching 211, validating Lin Chao's viewpoint. This is just the beginning; while everyone is unaware, the short-term bear market has already begun. As mentioned in yesterday's article, market harvesting does not require a reason, only an excuse. From today's trend, the monthly cycle correction has already started. Are you still looking forward to the Federal Reserve's interest rate cut meeting on October 30? Even if the interest rate cut meeting brings a market boost, it will be after experiencing two bottom tests of the index. From a weekly perspective, the top structure of the weekly chart has already formed at the end of September. When the small K-line patterns are completed, it will lead to significant movements in the larger K-line patterns. Therefore, Lin Chao judges that this will at least be a correction on a monthly basis. Remember one thing: all analyses without cycle limitations are just tricks. Especially in trend trading, you must clearly know when your profit range will be reached. If you say you have held Bitcoin from the beginning until now and remain bullish, that is not wrong. But those who have traded know that you cannot hold without taking any action. Understand that index fluctuations are not costs; the only cost in a person's life is time.

So when discussing K-line technology, we naturally cannot avoid cycles. This is the second key point I want to discuss. Novice users can easily be brainwashed; they hope to instantly grasp a hundredfold or thousandfold coin, and then start rising when they buy in, selling at the peak. If you are this type of user, I advise you to leave the market early. Human nature can be greedy, but it should not be insatiable. If you are a value investor, it is destined that you cannot achieve your desired results in the short term. If you hope to achieve the greatest results with the lowest risk in a high-risk market, the only path is to extend the cycle. If your spot purchases are firmly bullish, then you should set a target index price in your mind and uninstall the software.

You must understand that the crypto market is a risk asset. Always remember this concept: risk assets are wealth amplifiers and shrinkers. If you are aggressive and like to take risks, you can try; if you are dissatisfied with your current environment, status, or living conditions, you can try. But remember, once you enter this market, you must tell yourself that there is no stable income. Since you value its increase, you must accept its decrease. There is no free lunch; everything is an exchange, and what we analysts can do is teach you survival skills in this high-risk environment. But survival does not mean there will be no losses; those who tell you that you can only earn and not lose should be regarded as scammers. Only Ponzi schemes will promise you eternal profits, provided that your principal has disappeared. I have encountered many novice users attracted by the high returns of the crypto market but unwilling to accept its high risks, which is very contradictory. Therefore, when entering this market, first, you must adjust your mindset, and then discuss K-line technical matters together.

If you are in confusion—unable to understand technology, unable to read charts, unsure when to enter the market, unable to set stop losses, not understanding take profits, randomly increasing positions, getting stuck at the bottom, unable to hold profits, missing market opportunities… these are common problems for retail investors. Lin Chao can help you establish the correct trading mindset. A single profit is worth more than a thousand words; finding the right direction is better than repeatedly failing. Instead of frequent operations, it is better to strike accurately, making each trade more valuable.

The success of investment depends not only on choosing good targets but also on when to buy and sell. Preserving capital and making good asset allocations are essential for steady progress in the ocean of investment. Life is like a long river flowing into the sea; what determines victory or defeat is never the gains and losses of a single pass or moment, but rather careful planning before action and knowing when to stop to gain.

The global market is ever-changing; the world is a whole. Follow Lin Chao to gain a top-tier global financial perspective.

This article is merely a personal opinion and does not constitute any trading advice. The crypto market is risky; invest with caution!

For real-time consultation, feel free to follow the public account: Lin Chao on Cryptocurrency.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。