Reflections on 8 years in the crypto world: Those who can traverse the bull and bear markets have never been the smartest people.

After eight years of deep cultivation in the crypto world, from a novice who initially chased after price surges and drops to someone who can remain calm during wild fluctuations, I am increasingly convinced of a truth: technical analysis is just a tool; maintaining a stable mindset is the core key to navigating bull and bear markets. Those who survive in the market and make money are never those who consider themselves clever and operate frequently, but rather the minority who can uphold rationality in the emotional whirlwind.

Today I整理了8条实战沉淀的感悟，送给仍在crypto world摸索的朋友，愿你少走弯路，稳步前行：

1. The pancake is the market's "fixed anchor."

The trend of Bitcoin directly determines the tone of the entire crypto world market. When it starts to rise, altcoins are likely to experience a rotation market; when it starts to fall, the market often falls into a slump. Even leading coins like Ethereum can only show independent trends during a few periods. Therefore, before analyzing any coin, one must first understand the trend of the big coin to grasp the overall direction.

2. The reverse logic between USDT and Bitcoin hides the code for hedging.

The price fluctuations of USDT conceal capital movements: when USDT rises, it indicates that market aversion is increasing, and funds begin to withdraw from mainstream coins, often putting pressure on Bitcoin to decline; conversely, when Bitcoin enters an upward channel, the risk appetite for funds increases, making it an opportune time to position in USDT. Understanding this reverse relationship can help you avoid many unnecessary pitfalls.

3. The period from 0 to 1 AM is a peak time for "pinning".

During this period, market liquidity is relatively low, making it easy for the main forces to take advantage of the situation to shake out positions, resulting in significant market fluctuations. My response strategy is: before going to sleep, based on the day's market conditions, place buy orders at reasonable price levels and sell orders at target price levels, using automated trading to avoid unexpected risks at night, often waking up in the morning to unexpected transaction surprises.

4. Be cautious of fluctuations caused by news at 5 PM.

At this point in time, trading in the US market is about to start, global funds are becoming active, and the news cycle is entering a period of intensive release, making it easy for the market to experience significant fluctuations. Many sudden sharp rises or falls in the market tend to occur during this period. It is recommended to reduce blind operations at this time and wait for clear signals before taking action.

5. "Black Friday": Be vigilant but not panicked

The crypto world has indeed experienced cases of "Black Friday" crashes, but this is not an inevitable pattern. The core risk on Fridays lies in the uncertainty of weekend news rather than the date itself. The key is to maintain independent judgment, closely monitor news dynamics, and not be swayed by market sentiment.

6. Don't be scared off by short-term declines in coins that have strong trading volume support.

For cryptocurrencies with stable trading volumes and solid fundamentals, there is no need to panic during short-term pullbacks. Generally, as long as the sector is not in complete decline, the market is likely to recover within 3-4 days to 1-2 weeks. If you have idle funds, you can adopt a strategy of gradually adding to your position to lower costs; if you don't have spare money, just hold firmly. The real risk is not the decline but being swayed by panic emotions and selling at a loss at the bottom.

7. The core of spot trading: exchanging time for space

Many people are addicted to short-term trading, frequently buying and selling with little profit, whereas those who hold long-term investments tend to earn more. The essence of spot trading lies in patience; fewer trades can reduce mistakes. Only by holding quality coins for the long term can one truly enjoy the dividends of industry growth. Patience is the most scarce "skill" in the crypto world.

8. Ultimate Mindset: Trading coins is about mentality, not IQ.

Technical analysis can help you understand market trends, but only a strong mindset can get you through a complete cycle. When the market falls to a point that makes you doubt life, those who can remain calm, not act impulsively, and not gamble on direction will ultimately become the winners. Remember three phrases: Don't rush to chase highs, don't fear corrections, and don't be greedy for excessive profits.

The market is always full of opportunities, but only those with a stable mindset can continue to profit in the alternating cycles of bulls and bears. May we all stay true to our original intentions in the crypto world and move forward rationally.