Success is not accidental, the harder you work the luckier you are.

In-depth analysis of the high contract handling fee

Recently, many friends who do contracts have reported to me that the handling fee is too high. There are actually reasons behind this.

First, the size of the position is the key factor. The handling fee is not calculated based on the principal, but on the market value of the position. To put it bluntly, the larger the position, the higher the handling fee. For example, if you invest the same principal but hold a large position, the handling fee you pay will be much higher than when the position is small.

Second, the fee rates for taking orders and placing orders are very different. Taking orders means actively trading with existing pending orders, which will consume market liquidity and reduce trading depth, so the fee rate is higher. The fee rate for ordinary users to take orders is 0.05%; placing orders means placing trading instructions and waiting for trading, which can provide liquidity to the market, so it is more "favored" by exchanges, and the fee rate for placing orders is only 0.02%. Compared with the two, the cost of taking orders is obviously higher, so everyone should calculate this account when operating.

Third, the exchange rebate should not be underestimated. Some users have low transaction fees because they use pending orders skillfully and enjoy the benefits of transaction fee refunds. Each opening fee will be returned to the personal account through various channels later, which can save a lot of costs over time.

Knowing these tricks, when you do contract transactions in the future, you can optimize costs and increase profits from the perspectives of position control, order placement method selection, and attention to rebate policies.

Yesterday morning, Bitcoin faced pressure near the 100,000 mark and fell to the 95,200 line, a drop of 4,000 points. Through the night until dawn, the price remained in a consolidation state. Ethereum dropped from the intraday high of 3,510, continuously setting new lows.

The current market is still in fluctuation, with no significant trends in the Bollinger Bands and MACD. At present, there are no major bearish or bullish news impacting the market. Key points to watch during the day are the short-term resistance at 98,000 and the short-term support at 95,000, allowing for high selling and low buying based on breakout situations.

Bitcoin: Enter long near 95,000, targeting 97,000.
Ethereum: Enter long near 3,300, targeting 3,450.

Yesterday, the price of Bitcoin failed to break through 103,000 and fell back to 99,166 and began to fluctuate. Currently, Bitcoin is in a consolidation phase and needs to pay attention to the support below 99,000 and the pressure above 103,000.

However, Bitcoin is currently in an awkward position near 100,400. It is not recommended to chase long or short. You need to wait for a callback before picking up.

Bitcoin callback: around 99,000-99,500, looking up to 103,000

Auntie callback: around 3,830-3,860, continue to look up to 4,000

Judging from the current four-hour line, the support below is 95000-94000, so we can do a double around this range, and KDJ is also in a downward trend, so we can wait for a callback before doing a double.

Big cake callback: 94800-94300 near the line, and continue to look up if it breaks 96500,

Auntie callback: 3580-3550 near the line, and continue to look up if it breaks 3650

Here are some practical tips for the cryptocurrency market:

Cost Calculation and Position Management

- Accurately calculating cost dilution is essential. For instance, after investing and adding funds, you cannot simply average to calculate costs. Understanding the cost calculation method helps manage positions rationally and avoid making wrong decisions during price fluctuations.

Utilizing Compound Interest

- Compound interest can have a significant effect on returns in the cryptocurrency market. If you can maintain a certain daily return rate, your assets may grow substantially over multiple trading days. However, it is important to note that in practice, consistently generating returns to maintain compound interest is challenging, requiring a mature trading strategy and a good mindset.

Understanding Take Profit and Stop Loss and Probability

- Be clear about the probability of your investment success, and set take profit and stop loss points reasonably. Execute strictly according to your trading plan without being swayed by emotions; only then is it possible to achieve a good return rate after multiple trades.

Controlling Greed

- Greed is a major enemy in cryptocurrency trading. During trading, even if there is a good return rate, if you cannot control your desire to gain more profit, it can easily lead to trading failures.

Contract Trading Position Management

- In contract trading, position management is crucial. Compared to many people using a larger capital (20%-30%) as the base position, using 2%-5% of capital with a 20x leverage approach can better control risks and reduce the emotional fluctuations affecting trading.

In the cryptocurrency world, what should you do with only 5000 yuan?
The key lies in making money; just avoid reckless operations, as random actions can lead to instant loss of all funds.
1. You can invest 4000 yuan in spot trading and try 1000 yuan in contracts.
If you can accurately select a skyrocketing asset, in just a few days, 2500 yuan can increase to 8000 yuan. After deducting the 1000 yuan loss from contracts, you still have 8000 yuan in principal.
2. Divide the 1000 yuan into five portions of 200 yuan each, and open a contract position with ten times leverage.
With ten times leverage, a price reversal of 10 points can trigger a liquidation.
Newcomers are advised to choose isolated positions; even if liquidation occurs, the remaining funds in the trading account will still be preserved.
In contrast, using full positions can lead to instant loss of all funds in extreme market conditions, which is why some people have taken drastic actions due to contract failures.
3. When trading spot, be adept at picking explosive assets: within the same timeframe, some assets may double or even multiply several times in just a few days or even hours.
If you add ten times leverage, the profits can be substantial.
This is why many people are obsessed with the cryptocurrency market.
4. For newcomers, the above methods may not hold much significance.
To achieve profits, it takes not only certain trading skills but also the ability to overcome human weaknesses.
In trading, often the technical starting point is crucial, but human nature determines the endpoint. Sometimes doing the opposite can lead to unexpected results.
5. Entering the cryptocurrency world with 5000 yuan should not lead to overly high expectations for good outcomes.
If, after a few trades, you have not lost your principal and still have it intact, you have already surpassed many others.

Here are a few potentially promising coins:
1. EOS: This is a project that has defrauded hundreds of billions globally, and the founder hasn't even been jailed.
2. FIL: This is the largest pie chart but the project that has scammed the most people.
3. SAND: This is the last doge chain game project that plays tricks.
4. ZEN: This is an anonymous project that is arrogant in a bull market and not as good in a bear market.
5. CAKE: This is the decentralized hub of the Safe Chain.

Affected by the 'Trump Effect' from the US election, the expectations for interest rate cuts surged, institutions went on a buying spree, and market sentiment soared, leading Bitcoin to rise from around 65,000 to about 73,600. In just five trading days, it increased by around 8,000 points without any significant pullback, with bulls far ahead, restarting the bull market!

During this substantial rise, many friends may have shorted at major levels like 66,000/68,000/70,000/71,500, especially numerous who shorted around the 68,000-70,000 mark. I believe you are the most anxious at this moment; if the market continues to rise, no matter how much capital you have, it cannot withstand the risk of rising prices.

Holding on stubbornly is not the best approach unless you have substantial capital. The only way is to actively manage your positions. Rather than saying too much, just tell me your entry points and positions, and I will help you manage your positions based on market conditions, alleviating your worries!

The A-shares surged in early trading, the crypto market pushed up by 2000 points
The upward trend for this week has already begun,

The 62000 level was held last night, so it can basically be said that it won't go down further, now we should slowly start to touch the 7 series

Midday Thoughts
Bitcoin suggestion: Around 62500-63000
Targeting 65000-66000

Ethereum suggestion: Around 2450-2480
Targeting 2550-2600

Trapped orders are a common problem in trading. Here are some strategies to get rid of them, hoping to help you reduce losses.
First of all, remember one thing:

It is important to set a stop loss point! Although small losses are unhappy, they are much better than being trapped in a deep dilemma. The core of trading is always to control risks, so as to ensure long-term profits.
Locking positions is the last choice, try to avoid it. Unless there is really no other way, don't use lock positions easily. Here are some practical strategies to get rid of them:

1. According to the position situation:
Mildly trapped: When the market rebounds, you can get rid of the position or gradually reduce the position to reduce losses.
Heavy trapped: If the position is too high, consider partially reducing the position to reduce the position pressure and free up funds at the same time.

2. According to the technical status of the currency you buy:
Buy at a high position: stop loss in time to avoid further loss.
Buy at a medium position: You can wait and see, wait for the market to pull back or look for opportunities to reduce positions.
Buy at a low position: If you buy at a lower position, don't rush to stop loss, but you can cover your position at the support level to lower the cost.

3. According to the trend status of the currency:
Upward trend: Don't stop loss easily, wait patiently for the price to rise and finally get out of the trap.
Oscillating trend: When the market fluctuates greatly, it is suitable to wait for the high point to get out of the trap, rather than rushing to leave.
Downward trend: Once the trend is confirmed to be downward, stop loss decisively, don't delay, so as not to expand the loss.
Control your desire and have a plan when trading. Stop loss and position management are the best means to protect funds

At this stage, the pattern is in the process of over-adjustment, but the overall strength is not great, and the shorts are still continuing to fall.

The recent market performance is a crash in the early morning and a rebound in the day, so the intraday thinking is still mainly to follow the trend and be bearish.

It is recommended to arrange short orders at 61000-61500, defending 500 points

Yesterday morning, a current price order did not reach 500 points until the evening. The ideas were sent out in advance. At noon, I also told everyone that the current price order near 63,000 was orange, and the backhand was under the kong. The Hong Kong situation was also strong, and the move was also good. Not bad, it was successfully won. The 3 orders placed yesterday were all perfect take-profits.

So today's morning thinking, we mainly look at a callback to make Duo's Hong Kong situation

Suggestion for big pie: near 61300-61800, look at 62500-63000

My aunt suggests staying near 2400-2420 and watching 2460-2480

Truthful and open, never hindsight

Real and open, every day

The rebound in the morning was not strong enough, and the intraday range was oscillating. The upper side focused on 63000-63600, and the lower side focused on 61800-61500-60600.

After breaking the support and pressure, follow the trend to the next position.

Lunchtime thoughts:
Yesterday, the big cake failed to test the pressure of 64500, and it was under pressure to go down. So the current price order in the morning can be held and exited near 63000.

Although the market rebounded, the strength was not too obvious, so we can only look at a wave of callbacks. Make sure that the support level below is strong enough, then it is time to look at the duo.

Big cake suggestion: 63000-63300 welfare kong,
Look at around 60600-61100

Auntie suggestion: around 2460-2490 kong,
Look at 2340-2370

Policies determine everything, and wealth is hidden in the news!

No matter how hard you struggle, as long as the above sentence [Wang Chai][Wang Chai]

At present, the price of Bitcoin is fluctuating in the range of 65,000 to 66,000, which is relatively stable. However, the hourly MACD is running above the zero axis, but there are signs of flattening, and the red column is also shortening, which means that the momentum of the rise is weakening. Although the four-hour MACD is still in the bullish area, the fast and slow lines have formed a dead cross. The daily MACD is still in the multi-headed area, but there is also a risk of the fast and slow lines forming a dead cross. If Bitcoin is still oscillating in this range during the day, you should pay more attention to it at night. If it breaks below 64,800, then we will see a callback to the 61,000-62,000 range. If it breaks through 66,500, then this week it will touch the 68,000-70,000 mark.