Why so many people in the crypto circle lose money and get liquidated? First, they lack a correct understanding of the market and themselves. When it goes up, they think it will keep going up, even expecting a bull run; when it goes down, they think it will keep falling, believing it's a bear market.

Then they start chasing rises and selling on dips, shorting at the lowest point, buying at the highest point.
Fundamentally, they don't understand technical analysis, can't distinguish between a rebound and a reversal, let alone identify top structures and bottom structures. Then they don't understand what key positions are; key positions mean above is long, below is short, and it's a zone.
If you can't distinguish the key position zone, you won't be able to tell a real breakout from a fake one, and then you'll be toyed with and repeatedly rubbed by the market maker.
A fake breakout can happen countless times, but a real breakout only happens once. For example, this time the market maker created a triple top in the 79300 and 82800 zone, with three fake breakouts.
The highest point of the rebound was 82800.
Then it started to fall all the way, breaking support to find the bottom.
On the daily timeframe, a triple top can involve three shakeouts or distribution; the terminology differs but the meaning is the same.
Why is the 79300 to 82800 zone a top area? If you understand Dow Theory, in a downtrend, lows get lower.
Then you'll understand: if it breaks above 82800 with volume and holds, it will continue to rise📈.
Because 82800 becomes a structural bottom, then it can only go up, which is support and resistance swap, top-bottom conversion.
A reversal has occurred.
If you want to read the chart, you must be familiar with the most fundamental technical analysis and thoroughly understand what a rebound is, what a reversal is, what a real breakout is, and what a fake breakout is.
If you can't distinguish them, you will most likely trade in the wrong direction.
That's all I'll share today.$BTC #ETH突破1700