Why are so many people in the crypto circle losing money? First, they lack a correct understanding of the market and themselves. When it rises, they think it will continue to rise, even a bull run; when it falls, they think it will continue to fall, believing it's a bear market. Then they start chasing rises and killing falls, shorting at the lowest point, buying at the highest point. Fundamentally, they don't understand technical analysis, can't judge what is a rebound and what is a reversal, and can't distinguish between top structure and bottom structure, let alone understand key levels. Key levels are where going up leads to further upside and going down leads to further downside, and they are zones. If you can't distinguish key level zones, you can't tell a true breakout from a false breakout, and then you will be toyed with and repeatedly whipped by the whales. False breakouts can happen countless times, but a true breakout only happens once. For example, the whale made a triple top in the 79300 and 82800 zone this time, with three false breakouts. The highest point of the rebound was 82800. Then it started falling all the way, breaking down to find the bottom. On the daily timeframe, a triple top can involve three shakeouts or distributions, different terms but the same meaning. Why is 79300 to 82800 a top zone? If you understand Dow Theory, downtrend lows get lower and lower. Then you can understand: if it breaks above 82800 with volume and holds, then it will continue to rise 📈. Because 82800 becomes a structural bottom, then it can only go up, that is the support-resistance swap and top-bottom conversion. A reversal occurs. If you want to understand the chart, you must be familiar with the most fundamental techniques, and thoroughly understand what is a rebound, what is a reversal, what is a true breakout, what is a false breakout. If you can't tell them apart, you will likely trade in the wrong direction. That's all for today. $BTC