Gate 2025 Year-End Community Gala BTC, ETH, 📈📉 profit-taking and reducing positions to lock in gains When reaching 50% of the take-profit target, first close half of the position, and move the stop-loss of the remaining position up to the cost price to let the profits "run," while also preventing profits from turning into losses.

Major institutional move: Morgan Stanley has filed for a spot Ethereum ETF, signaling growing mainstream adoption and institutional interest in ETH. This represents a significant development for the Ethereum ecosystem, as major financial institutions continue expanding their crypto exposure. Such filings could accelerate ETH's path toward broader market acceptance and potentially unlock new investment channels. Market sentiment leans bullish on this development.

Privacy narratives have recently experienced a resurgence, and the movement of ZEC is also worth paying attention to. Recently, ZEC broke below the secondary support, and the price has been moving in a liquidity-sparse area, which is actually an interesting signal. The current price is approaching around $510—this was the previous breakout point on the hourly chart, and it coincidentally aligns with the liquidity zone we recorded in November. The key point to observe here is: as long as the price hasn't fallen to $475, this correction can be considered a normal pullback. Unless multiple timeframes close below this level simultaneously, the overall trend doesn't need to change. Recently, there have been signs of a partial rebound, and at such times, I tend to add positions because bottom-fishing requires waiting for truly confident levels—that kind of feeling provides peace of mind. Part of the profits are already secured, and my cost basis remains well below the current price, providing enough room for operation. The logic for SOL is the same—long positions are always at support levels, short positions are always at resistance levels; doing the opposite is basically courting death. What's more worth mentioning is that reliable divergence indicators have recently given early warnings before sharp price drops. These repeatedly validated signals are still trustworthy. The game in the crypto market is like this—you need patience to wait for high-probability opportunities. ETH's movement is also replaying a similar pattern. Instead of blindly chasing rallies or panicking during dips, it's better to spend time understanding liquidity distribution and the significance of key levels—this is the real experience that helps you survive longer in the market.