For friends who focus on technical analysis, you must read 《Wyckoff Trading Rules》 again and again. By combining theory with real trading and constantly reviewing and practicing, you can gradually grasp the price patterns behind market supply and demand.

Wyckoff’s complete trading system is mainly divided into five major stages:

1. Asset selection: Prioritize choosing assets in an uptrend. Their price action should be steady, with relatively controllable volatility, and avoid chaotic and disorderly ranging markets.
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2. Timing entry: Find an entry window based on your own trading system and experience, and follow the core principle: use small position sizing to fight for higher profits and pursue an advantage in the risk-reward ratio.
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3. Risk control and stop-loss: Plan the stop-loss level in advance, actively cap the maximum loss per trade, and prevent risks from getting out of control.
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4. Exit rules: Set a clear exit strategy in advance. Make flexible judgments based on the K-line structure and the current profit/loss state, and decisively seize the moment to take profit and exit.
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5. Profit management: Dynamically manage unrealized gains during the holding period, adjust the trading plan as the market evolves, maximize gains as much as possible, and protect the profits on the books.#ETH突破1900美元 $BTC $ETH