$BTC

Let's organize the questions in your mind

1. What is this market trend?

It's not a high-frequency market, so it won't be a quick spike. What kind of trend is this? It's a disorderly wide-range fluctuation market.

Here, de-leverage and multi-position trading are recommended.

2. Can it go back to 9.4 or 13.5?

If the long-term level at 11 cannot be reclaimed, then there are no new highs expected. This is the point to judge whether it can reach higher or lower.

If it can't break through, then target 9.4, 9.2, or 8.6. Use spot trading in batches at these levels, and when contracts reach a certain point, take short-term positions.

If it passes, then as previously mentioned, after the last wave of the market ends and the hype subsides, it's time to return to calm. When prices rise, sell; don't just focus on accumulating.

3. I got trapped in a certain coin, is there still hope?

Return to the cycle perspective: the bull market is still ongoing. Over the past two years, altcoins have outperformed Bitcoin, BNB, and others.

If the weekly chart breaks down, then consider rebounding and exiting. Lazy traders might even switch to Bitcoin. Since you're willing to get trapped, why not dare to think big? Bitcoin can definitely help you make money.

4. I lost a lot, is there still a future?

There are two scenarios: if you haven't taken a moment to think calmly, you might wonder whether to continue participating in this market. My advice is to step back for a while and think clearly about whether to stay involved.

Every market requires paying tuition fees.

When entering a market, study its gameplay.

Follow the cycle for strategic positioning; for short-term trading, learn technical analysis.

Moreover, cryptocurrency isn't just about trading; there are many ways to make money, like yield farming, alpha strategies, and more.

In summary, this market offers opportunities, but it's not suitable for those who like to watch the excitement or chase the highs and sell lows. The blue ocean in crypto is basically over; now it's a red ocean with fierce competition. If you can't learn anything from the market, it will be difficult to profit in the next round.

During your leisure time, review your own trades, observe others' strategies, and think about the overall macro market trend. This will be very helpful for your trading.