#数字资产市场观察 After eight years of struggling in this market, I have seen too many people treat technical indicators as desktop wallpapers - they look good but are useless. Some are obsessed with drawing lines, believing they have mastered the market's secrets; others chase after so-called "lead in copy trading masters," ultimately sending their principal into others' pockets.

I am no exception. My experiences of three liquidations in the early years taught me one thing: money earned by luck will eventually be lost through skill. What truly helped me to stand firm in volatile markets is not some esoteric knowledge, but a deep understanding of MACD divergence signals.

Many traders look at the MACD, only focusing on the color changes of the red and green bars, and rush to open positions as soon as a golden cross or death cross appears. However, they overlook the most crucial part – the divergence signal is not predicting price ups and downs, but revealing the true strength comparison behind the price.

The first time I truly understood this was in the spring of 2020. At that time, BTC continuously broke through previous highs, and market sentiment reached an extreme level, with almost everyone shouting "bull market has started." The red bars grew thicker one after another, as if declaring the inevitability of the rise.

But I noticed a detail: the price is reaching a new high, yet the MACD indicator value has not risen in sync—this is a textbook-level top divergence pattern.

In that moment, I realized that beneath the surface frenzy of the market, the main funds might be quietly retreating. I didn't hesitate and cleared 70% of my position. Three days later, the market plummeted sharply, and I avoided a brutal correction.

The second time I was in awe of divergence was at the end of 2022. At that time, the entire crypto market was in despair, with people in the community cursing the project parties for running away and blaming bad luck every day. Prices hit new lows repeatedly, and panic spread to every corner.

But in this atmosphere, I found a clear divergence feature on the daily chart—prices are still declining, but the green bars of the MACD are actually contracting, and the lows of the indicator are gradually rising.

That was the moment I truly understood the language of the market: trends often turn in despair, and the main players are accustomed to positioning themselves in panic.

I started to build a small position in BTC and ETH. Three months later, the account changed from deep green to light red, and then more than doubled from light red. This experience completely changed my trading logic.

You might ask: Can divergence really predict market trends?

The answer is: it does not predict, but it will tell you - when the market is lying, the momentum will reveal its flaws first.

Prices are soaring but there is no capital to sustain it? The top divergence is reminding you to protect your profits. Prices are plummeting but the selling pressure is clearly weakening? The bottom divergence is hinting that the main players may have already entered the market.

Most people focus on chasing rises and falls with candlestick charts, but I pay more attention to divergence signals to determine "true strength, false strength; true weakness, false weakness." When others lose their direction amidst emotional fluctuations, I remind myself with this sentence:

"Prices don't tell the truth; divergences will speak for them."

This is not some profound technique, but a basic respect for market structure. Will you continue to make decisions based on emotions, or will you start to build an advantage using logic? The answer is actually written in every divergence signal.