A position established at a relatively low point is not meant to make money on that position. The essence of the position is: give it to him to trap, to prevent missing out, to avoid sudden news events, such as the little yellow-haired guy suddenly starting to continuously taco, causing the price to go straight up and never come down, then deviating too far from the bottom, so you dare not buy the pullback and instead keep opening short positions in the opposite direction.

Keep waiting for a same-direction acceleration. What if it doesn't come? What if it never comes? Then when you have no chips at all, are you anxious or not? As long as it's a rally that teachers have missed, then the subsequent views are almost uniformly bearish, expecting a continued decline after a rebound. Not to mention last year, this year alone there have been two times. In February and April, didn't the teachers who missed the long side collectively turn bearish? Although it later fell, it doesn't affect us taking that segment of the rally in the process, right?

A level that is repeatedly touched - even an idiot can see that it might not be the bottom. But not every decline ends with a same-direction acceleration; sometimes it just grinds, and after grinding, it goes up. So looking at the weekly and monthly charts, near the bottom, build some spot positions as appropriate. If you get trapped, you'll be much lighter than others. After spot positions reach 50% of your allocation, start entering with coin-margined 1x leverage in batches. If even that is exhausted and it's still not the bottom, continue buying spot. By rotating in this way, even if it's a real bear market, it will be hard to die.

Now a green candle appears, and again some people shout that the big bull is back. It's like they would die if they didn't spread anxiety and panic. Can't they just be normal, like ordinary people? Regarding the drop this morning, if you didn't buy it, don't chase it. On the 1-hour chart, it's still making lower highs and lower lows. Without a pullback, do not enter. If there is a pullback, watch the defense around 597. If it doesn't hold, still wait for a return to 593-589.