Last night, the market once again stirred up volatility, with over 150,000 traders facing liquidation during a wild swing. Frequent flash crashes, long and short traps, prices bouncing around and finally returning to the original point—wake up and find your account gone.

It seemed like the rate cut was a bullish catalyst, causing a frenzy of retail investors rushing to buy the dip. But closely analyzing, institutions had quietly offloaded their positions at high levels long ago. Once again, a classic trap for unsuspecting traders.

The market dips and then rallies again, but the consolidation phase is far from over. Those rushing to buy the dip will only be repeatedly preyed upon. This is the brutal truth of the market.

The iron law of crypto trading has never changed—during sideways periods, those who can't wait are always the ones eliminated. Those who truly survive and profit understand how to manage risk amid volatility. Patience in finding signals and safeguarding capital is the right approach. Staying alive is always more important than anything else.

Take Ethereum as an example recently. We set a long position at the 3170 level and ultimately gained 60 points. This is not luck, but confidence in the support level. I also mentioned before that as long as Ethereum doesn’t break below 3100, there's a chance for a rebound. Traders following the trend should have proper stop-loss measures in place.

On Black Friday weekend, the US stock market still has opportunities. The crypto market often moves in sync with traditional finance. Stay alert—another wave of the market is just around the corner.