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Today’s thoughts are as follows:
1. Currently, market liquidity is extremely scarce, and sudden surges, crashes, and violent spikes are normal phenomena at any moment.
2. At this moment, the 1h/2h/4h/8h/1D timeframes are all in a clear downtrend, which is beyond doubt.
3. Both long and short positions can be taken, but chasing shorts during this downward slide is not advisable, and going long is even less so. It’s better to observe—wait for a rally, then dip and spike; do not spike without action, and do not make trades.
4. Spot trading has reached a stage where you can start entering with your eyes closed. For example, buy BTC/ETH in 1-2 layers first; add one layer every time BTC drops 3000-5000; add one layer every time ETH drops 150-200; continue until the spot position is fully replenished.
5. Temporarily abandon the obsession with breaking even before the Spring Festival, and give up the obsession with making money before the Spring Festival.
6. Today, I will not place buy/sell orders. The current market is extremely illiquid, so no more order placement strategies. Watch the market closely and act quickly. For FOMO traders, quickly let go of your obsession—avoid frequent operations and the idea of seeking a breakout. This mindset will definitely lead to failure.
7. Follow your well-planned trading strategy strictly. If a stop-loss is triggered, accept the loss rather than hold the position. Do not try to guess the bottom in this wave. For positions that are already trapped, multiple warnings have been given in recent days that significant reduction is necessary. Without reducing, this wave cannot be survived.
8. This round teaches us once again that no matter when, we must respect the market. Disrespecting the market will only lead to one result: losing everything.
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These are the current suggestions. Read carefully. Do not imagine yourself as a trading genius who can seize the super cycle and become a super player. If you don’t imagine, then you are already that. Overthinking can easily make you lose yourself and be consumed by desire!
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Secondary market gains and losses are at your own risk!