Mature traders need to develop strong self-healing abilities.

This ability allows you to finally seize that critical opportunity after repeated failures, especially in the cryptocurrency market, where most transactions may fail.

But as long as you can grasp a success at a critical moment, the previous setbacks are nothing.

Therefore, you must first learn how to heal your wounds so that you can go all out when the next opportunity comes.

In the cryptocurrency circle, it is not uncommon for old players to lose money, and it is even more difficult for novices to gain a foothold.

When everyone first enters the cryptocurrency circle, the goal is simple - to make money. However, the cruelty of the market is far beyond imagination. Many people end up with heavy losses in the process of pursuing profits.

You want to make money in the market, but don't forget that the dealer is eyeing your principal. In this market, the dealer has no shortage of experience or funds. What they really lack is "leeks" like you.

To survive in such an environment, the first step is to learn to operate cautiously.
Market information is complicated, and blindly following the trend can only put you in a deeper predicament.

To go long-term, you need to analyze calmly and find a rhythm and strategy that suits you.
The cryptocurrency circle has never been a paradise for getting rich overnight, but an arena full of risks and opportunities. Stability is the key to winning #币圈 #BTC☀ #ETH🔥🔥🔥🔥 #bnb

Two suggestions for newbies in the cryptocurrency circle (which can also be used by leeks):

1. The first lesson for entering the circle: There are too many scammers in this circle, so assume that everyone may be a scammer. Don't trust anyone's kind advice to "help you make money". This will help you avoid many pitfalls.

2. The second lesson for entering the circle: spend time screening and recording various information, learn to identify which information is effective, and keep tracking it. After all, sharpening the knife does not delay the chopping of wood. Most of the information is useless and may even mislead you.

Bottom-fishing or house-raiding?

Recently, many friends asked me if this wave of rebound has come to an end?
What will happen next?
Will there be a second drop?
If it breaks a new low, do we have to prepare to prop up the electric car?
The market did not give a clear breakthrough signal all day yesterday.

For those friends who have already bottom-fished, the market did have a rebound after the 85 black swan event, but now it has entered a period of volatility.

After two days of stability, many people began to feel itchy and felt that they could get on the train again.
Do you really think that the market is like a roller coaster, and it will soar into the sky after the rebound?
I think this wave of rebound may be difficult to sustain, and the wash may not be over yet.
In the case of 85, the real take-off may have to wait until the fourth quarter.

In the current market environment, it is not wise to blindly buy at the bottom.

Rash actions may face unfavorable situations. The market often shows signs of falling when approaching the pressure level.

Although there are occasional breakthroughs, in most cases the price falls after the pressure level.

Everyone should be cautious, observe the market dynamics carefully, and do not open positions rashly.

Choose one or two currencies with potential for investment, avoid over-diversification, follow market trends, remain flexible, and adjust strategies in time.

Steady investment decisions are more important than blindly pursuing short-term interests.

The US stock market may plummet tonight, but it will not affect the cryptocurrency market because the cryptocurrency market has already fallen in advance.

Subsequently, the Federal Reserve may speak to boost the market and drive the cryptocurrency market up.

There is expected to be a significant rebound tomorrow. Now is the low point. You may regret it if you don’t have a bottom position. #BTC☀ #行情 #市场

In the second half of the bull market, altcoin investment needs to avoid projects with high FDV and low market value, large unlocking and DWF market making.

These are potential risks and should be treated with caution.

You can consider new narratives, projects that cannot be falsified and valued, or projects with long-term sideways chips and stable structure and real business income.

When operating, set a stop loss, stop profit in time, lower expectations, and avoid fantasy.

The doubling performance of altcoins is already extraordinary. Everyone needs to stay sober, not blindly follow the trend, and watch while walking.

Only by being cautious can we make wise investment decisions in the second half of the bull market.

Necessary qualities for cryptocurrency trading:

1. Control
Coin trading is as addictive as gambling. You need to learn how to clear positions, short positions, stop losses and take profits, and be able to move forward and backward freely.

2. Judgment
Crypto selection, position building, replenishment, and clearing positions require precise judgment at every step. Without strong judgment, it is difficult to do well. One wrong step may lead to falling into the abyss.

3. Good attitude
The cryptocurrency market is ups and downs, with wins and losses. You can be happy if you win, but don't be complacent. You can be sad if you lose, but don't be depressed. Attitude determines everything.

People may mistakenly believe that altcoin spot is unprofitable, but this is a misunderstanding. Some people choose to short contracts or go long at the bottom, fantasizing about huge profits.

There is still a chance for altcoins, but they are temporarily suppressed by Bitcoin.

In the future, market sentiment will change, and altcoins may usher in a big rise.

Strategy: 70-80% of positions are for Bitcoin, and 20-30% are for track targets.

Don't blindly chase ups and downs, focus on long-term opportunities.

Gradually adjust your mentality and face market fluctuations rationally.

Many newbies who have just entered the circle, without even understanding the basic terminology, go all in with huge amounts of money, and end up starting over again with injuries, wasting a lot of manpower and material resources.

If you want to make money in the cryptocurrency circle, you must at least have a certain investment logic.
Whether it is based on the continuous expectation of trends and themes, or trading behavior based on technical fundamentals, buying and selling must have a basis, and you cannot blindly chase highs or buy at the bottom based on your feelings.

If you speculate in cryptocurrencies in this way, the probability of a halving is far greater than making a profit.
Only those who have experienced it can understand this pain.
For newbies who don't know anything, I sincerely recommend not to enter the market blindly.
Even if you enter, don't invest too much money.
First use a small amount of money to feel the changes in the cryptocurrency circle, do what you can, and figure out a set of your own trading rules before increasing your investment.

Now, lying flat is winning.
Don't make trouble, don't start a business, don't speculate in cryptocurrencies, don't invest.
If you have money, save it regularly, eat and drink simply, and don't waste money.
If parents have a high pension, as long as their children don't make trouble, even if they are unemployed at home, how much money can they spend on an extra pair of bowls and chopsticks, more internet fees and air conditioning fees?
When you are unlucky, you should lie down with peace of mind.
Read books, study, take various exams every day, improve yourself, adjust your mentality, and don't be disturbed by the outside world.
Go to crowded places less often, don't join the crowd, and travel to less crowded places to enjoy quiet time.

Yesterday, BTC continued to adjust slightly, and the downward momentum began to weaken. There was no major negative fundamentals, and it was in a normal consolidation stage.

The Fed's interest rate meeting in the early morning of August 1 needs attention. It is expected that there will be no big problem with the interest rate cut in September. The macro environment will improve and it is bullish in the long term.
You can open a position within the day, bet on the expectation of interest rate cuts, and it is expected to continue to consolidate within the day, waiting for good news. The mid-term bull market has started, and the subsequent market will rise slowly, waiting for the main rising wave to come.

ETH's trend remains good, and you can open a position within the day, pay attention to the changes in Grayscale's holdings and the expectation of interest rate cuts.

The altcoins are slightly adjusted, pay attention to SATS, PEOPLE, CKB, RGB++, buy in batches at low prices, and wait for good news.

Intraday support and resistance:

- BTC: support below 65200-65800, resistance above 67200-67700
- ETH: support below 3200-3250, resistance above 3360-3410

A must-read for unwinding! Here are three effective methods:

The first method: stay the same in the face of change. No loss if you don't sell, as long as you haven't sold it, it can't be considered a loss.
However, this requires you to have enough funds to withstand all risks.

The second method: operate by shifting gears.
Stop loss first, and then buy back when it rebounds to a suitable price, so that you can reduce or even out the loss.

The third method: cut the Gordian knot.
Sell all the targets held to avoid further unilateral price declines and greater losses. This strategy is suitable for short-term speculators, because in a downtrend, the longer you hold, the greater the loss.

Choose a method that suits you, stay calm and rational, and avoid greater losses.