Newcomers, don't think about getting rich quickly; learn to protect your principal first. The following points need attention:
1. Don't rush into futures trading when you're just starting out. Just focus on mastering spot trading. 2. Avoid altcoins. It's already good enough to make some profit with major coins. 3. Don't use leverage. It goes against human nature.
The cycle is very important, with significant drops, such as 75%, after which the market slowly finds a bottom. It's basically all opportunities.
In January 2020, during the oil crisis, when Chinese oil broke below the cost price, I bought Western oil. The lowest was 5.39 on October 30, 2020. The highest was 74 on August 31, 2022.
In less than 2 years, 15 times. The strategy of buying during a crisis is amazing.
Bull market cycles generally perform poorly most of the time. Sigh. I mentioned before not to go long. This time I saw the price plummet, then at 92500, 3200 I caught the falling knife. Especially with ETH. Thinking about the period from January 2023 to April 2025, the ETH/BTC exchange rate has been continuously falling, like a fool.
Gave up. Didn't make money in the bull market, can I make money going long in a bear market cycle?
How much larger can this currency get, losing like a dog. I don't know what got into me, I bought the falling knife of BTC at 92500. Even after seeing negative news, I still insisted.
This time is just like the previous Trump tariff turmoil. That time was after 2025.1.20, repeatedly tormenting multiple times. That was during a bull market cycle. It can rebound.
Now we are in a major bear market cycle. It's tough. I acted like a fool for a few days. I said I wouldn't buy during a major bear market cycle.
The core of trading is price and expectations. The core of trading is price and expectations. The core of trading is price and expectations.
Recently, there has been some foolishness again. These days, Trump has been at odds with Europe, and they are quick to impose tariffs. Combined with the bear market cycle and the recent surge in BTC, this is not a correction; it is a hedge for large players. Expectations have not reversed. Do not go long $BTC $ETH
Short-term BTC is very weak, not strong at all. Open the 1h chart and count how many bearish candles and how many bullish candles there are. Basically, it's a sharp decline with small rebounds. It's a bearish trend. Compared to Nasdaq, BTC does not rise, only falls. Very dangerous.
It's definitely not a bull market. But it's also not a crash-filled bear market. Just random fluctuations.
Right now, it should be a tough diamond tier, with most players being bronze level. Temporarily avoid it. Wait until the cycle ends. Buy at the bottom whenever you want. $BTC $ETH
Temporarily not empty, this is a trap to lure in. Will wait until 10-10.5 to speak. Recently there's no major negative news, and the big players are very strong.
The biggest negative is that there are too many short positions.
Looked around. So many short positions liquidated. They're all damn idiots. Without a big surge, shorting is stupid. The shady brokers watch your liquidation price, wait for you to get liquidated, then the price comes back.