Cryptocurrency Trading Insights:
1️⃣ Bull Market Logic: A bull market rises without the need for value support, only requiring a reason; cryptocurrency price fluctuations are highly synchronized.
2️⃣ Altcoin Risks: Altcoins do not rely on faith; stagnation in innovation leads to collapse; time is a friend to Bitcoin but an enemy to altcoins.
3️⃣ Value Foundation: Bitcoin relies on immutability, offering long-term opportunities for recovery; altcoins may not have this assurance.
4️⃣ Trading Strategy: 1. Bitcoin and Ethereum are suitable for left-side trading; altcoin risks are high and could lead to a total loss.
2. A healthy bull market starts with Bitcoin rising independently; prioritize allocating to Bitcoin and Ethereum for more stable gains and losses.
3. Altcoins lack defensive capabilities; do not increase positions during an uptrend; position management is crucial.
5️⃣ Position Management: 1. The position in Bitcoin and Ethereum should not be less than half of the total position.
2. Operate altcoins with light positions, actively avoid missing opportunities and selling prematurely, to prevent a heavy position mentality.
6️⃣ Take Profit and Stop Loss: 1. The core is knowing when to sell; only take the body of the fish, leaving the head and tail for the market makers.
2. The opportunity cost is highest after being stuck; earn back by switching locations.
7️⃣ Summary: A good mindset is key to profitability; heavy position excitement will only lead to losses.
