Once again, I want to emphasize these five rules

They still apply to the current market!

Capture the oscillation: The large cycle top and bottom structure is complete. Regardless of the pattern, identify the range highs and lows, hold onto the inevitable path, start from the small cycle to find entry points, and maintain good defense to avoid overtrading! Taking profits and running is the way to go!
A consolidation must lead to a breakout: Don't follow the hype during high sideways trading; big players are likely to fake a breakout to trap you. Don't chase cheap at low levels; a sharp decline is often hidden in your expectations! Until a breakout signal is confirmed, holding back is profitable!
Sideways trading is a trap: Data doesn't lie. Most liquidations happen after sideways trading ends! If you can't resist the urge to open a position, you will become someone else's bait!
Buy on dips, sell on rallies: Reverse operation is the key! When a candlestick forms a frightening large bearish candle, don't panic—it's a sign to pick up money. When an upward candlestick reaches a high, don't be greedy; locking in profits is the smart move! (Applicable in rapid market conditions)
Law of sharp drops and rises: The slower the price declines, the weaker the rebound; the more violent the waterfall decline, the more aggressive the rebound! (The same applies in reverse) Next time you encounter a rapid drop or surge, don't panic—while others are fearful, be greedy! $ETH