I am a six-year BTC believer and a small asset manager. I want to summarize my understanding of this market based on my six years of experience: "I believe BTC is an alternative asset with great potential and significant risk." Currently, we are operating in the most dangerous industry! #BTC连续破新高，你看到多少？

From the current weekly and monthly charts, the upward trend of Bitcoin has not yet ended, but the market will not keep rising; a correction on the 4H/daily chart is inevitable! (A long-term upward trend represented by a straight line is made up of small cyclical fluctuations.) From the perspective of spot trading, here are my thoughts on future operations: 1. If you currently have no Bitcoin in your spot trading and want to build a position, you cannot enter unless there is a correction below the 4H level. 2. Friends who have low-cost positions around 40,000 can reduce their holdings now (reduce by 10%-20%). Reducing your position increases your liquidity; risk comes from rising prices, and opportunities come from falling prices. Always maintain a sense of awe for this market. Based on the current price level, you can appropriately reduce your position every time Bitcoin makes a new high, just reducing your position, unless you don't need the money! (In the next 9 months, I personally will not have any plans for positioning in Bitcoin spot trading; I will only execute reductions.) In a bull market, we do not talk about tops or guess them; both you and I are still retail investors. Retail investors can still make money in this market only through awareness, respect, and reduction of positions, which is so-called trading risk control. #BTC☀

Finally, let me talk about contracts. Contracts are a double-edged sword. Friends with trading experience can try them, but don’t get too addicted to ultra-short-term trading. If you have a mining operation, consider this as if I haven’t said anything. If you are a trading novice, I recommend leaving the contract market as soon as possible and returning to the spot market, returning to value, returning to Bitcoin!