On August 4th, Huobi HTX's new session of "Partner 1+1" invited Crypto Master Brother and Zhengrong to share their practical experiences and profound insights in the cryptocurrency field, focusing on topics such as cycle judgment, narrative selection, trading system construction, position management, and trading mindset.

Current Market Cycle and Trend Analysis

Zhengrong believes that the current market is at the tail end of a bull market. Since the low point in 2022, the Bitcoin market has risen about 6.5 times, showing significant growth; however, positive expectations (such as interest rate cuts, ETF approvals, and Bitcoin halving) have gradually materialized, and there is a lack of stronger macro-positive drivers in the future. Altcoins have performed relatively weakly during the pullback, making them suitable for short-term swing trading, while the overall market rhythm remains relatively stable.

Zhengrong also pointed out that whether Bitcoin breaks through its previous high has little impact on short-term traders; the key lies in capturing opportunities driven by market sentiment, such as the decline after the formation of a top structure or the main upward wave during an increase.

Crypto Master Brother noted that the current bull market is more driven by institutions and national teams, with limited profit space for retail investors. "This is not a traditional bull market for everyone, but rather an institutional bull market for Bitcoin and Ethereum. A new high for Bitcoin is highly probable, but retail investors need to pay attention to practical application projects (such as Ethereum Layer 2) and the wealth effect of new narratives."

Trading System and Mindset Construction

During the live broadcast, Zhengrong shared his path from a novice to a professional trader in constructing a trading system. He divided the trading system into three main sections: market analysis (primarily naked K, supplemented by technical indicators), position management (fixed position, controlling mindset), and mindset management (profit-loss ratio and win rate driven). He also adopted the "thematic learning method," quickly building cognition through high-view teaching videos, combined with small position practical verification, gradually iterating a system suitable for himself. Trading is conducted with fixed capital (such as $10,000), with strict stop-loss and take-profit measures to ensure stable mindset and controllable returns. After a liquidation, he summarizes experiences from small losses to avoid emotional trading.

Crypto Master Brother emphasized that the core of the trading system lies in mindset and position management. He suggested using funds that do not affect daily life for trading to avoid a gambling mentality. At the same time, he advocates for long-term trend trading (following major cycles) or low-frequency swing trading (small swing operations after a flat period), avoiding the complexity of high-frequency trading.

Narrative Evolution and Track Selection

Regarding narrative evolution and track selection, Zhengrong believes that narratives can be divided into major trends and minor trends. For example, the inscription craze in 2023 is a major trend, with early participants reaping substantial profits. Recently, there has been a lack of similar major narratives, and market hotspots like RWA and Meme are more about short-term rotations.

In his trading, he does not focus on sector narratives but instead selects 1-3 cryptocurrencies through daily strength rankings, concentrating on a single cryptocurrency operation to reduce liquidation risk, emphasizing "doing the right thing repeatedly" and capturing "white horse" opportunities through strength logic. He suggests decisively participating in major trends, while minor trends should primarily rely on strength selection to avoid dispersing energy.

Crypto Master Brother likened cryptocurrencies to U.S. tech stocks, believing that AI and RWA are the core narratives of the future, with projects that have practical applications, such as Ethereum Layer 2, being more promising. He recommends that small funds try new narratives, following the principle of "buy when no one cares, sell when there is a lot of noise," while also being wary of purely speculative assets and prioritizing projects with real-world support.

At the end of the live broadcast, the two guests shared their personal journeys and offered advice to trading users. Zhengrong expressed that trading is counterintuitive, suggesting that novices learn with small funds, and that passion and persistence are key to moving forward. "Lifelong learning" is essential to keep up with industry rhythms.

Master Brother revealed that early liquidation experiences made him realize the importance of capital safety and emotional management, recommending that traders prioritize exchanges like Binance and Huobi HTX to ensure capital safety. Novices should focus on spot dollar-cost averaging, with a configuration of 70% spot and 30% contracts, adhering to the "safety first" principle to avoid significant losses due to greed or fear.

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