This period’s Bitcoin market is very typical—oscillating repeatedly from just over 60k to around 65k, with ETFs continuing to see outflows, liquidity not holding up, and the technical picture also lacking a clear direction. The Fed meeting is right around the corner again. A lot of people stare at the charts every day and feel like they have to take action—yet the result is either getting slapped back and forth, or making a little money and then giving it all back.

So most of the time during this period, I’m doing one thing: waiting.

1. If there’s no setup, don’t trade—absolutely

Most of the time, the market is ineffective. Choppy action, fake breakouts, and emotional swings—none of these are opportunities; they’re just noise.

Bitcoin during this period is a textbook example: price moving up and down by several hundred or even over a thousand points looks exciting, but on a higher timeframe, it’s basically range-bound. Without a clear trend-start signal, without volume confirmation, and without sustained capital inflows, don’t force trades.

Remember:

When you trade forcibly without an edge, you’re paying tuition to the market.

Being in cash is a position. Waiting in cash for opportunities is always more proactive than holding a position waiting for the direction.

2. If you can’t read it, don’t trade—absolutely

If you can’t understand the candle structure, can’t understand the flow of funds, and can’t understand how news impacts price, then don’t enter the market.

Recently, many people say, “The Fed is going to meet, I don’t know what will happen,” and at the same time can’t help guessing the direction to scalp. This is the classic case of not understanding—and still forcing the trade.

My discipline is:

- If you can’t read the current structure → don’t trade

- If you don’t understand why it’s going up/down → don’t trade

- If you don’t know where your stop-loss is → don’t trade

The market never lacks opportunities; what’s missing is opportunities you can actually understand. When you don’t get it, the best move is to power off, go for a walk, and review.

3. Spend more time waiting, not doing

The essence of trading isn’t “having to take action every day,” but “making your move at high-probability moments.”

My trading frequency in this period has reached about once a week; the rest of the time is observation, waiting, and preparation.

This period’s market is reminding us of something:

When the market enters the stage of “real news absence + capital hesitation + technical ambiguity,” patience matters more than technical analysis.

Waiting for what?

- Wait for clear trend confirmation

- Wait for capital to flow back in

- Wait for key resistance/support to be broken effectively and hold

- Wait until your mindset is truly calm

4. Additional practical trading principles

- It’s better to miss than to make a mistake. Missing means you earn less; making a wrong trade means real loss.

- Position size is your last line of defense. If you understand, only take a light position; if you don’t, go to cash.

- Plan your trade and trade your plan. Before entering, write it clearly: why you’re entering, where your stop-loss is, and where your target is. If you can’t do these three things, don’t even open the trading software.

- Treat “waiting” as an actual task. Many people instinctively think being in cash is a waste of time, but being in cash is actually the norm for professional traders.

During this period, the market is essentially teaching all traders a lesson:

The market won’t give you an opportunity just because you’re in a hurry, and it won’t make you money just because you watch it every day.

😇Finally, one thing I want to share with everyone:

Do less, live longer; when the wind comes, raise the sails.