Currently, Bitcoin is around 95,000, which has dropped more than 10,000 points compared to a while ago. Many people might be itching to buy the dip, how about you?

Everyone understands one principle: the more money you make, the longer your perspective is, and the more comprehensive your considerations are. This is also true in the trading industry. If you only consider technical indicators to meet a certain standard before acting, congratulations, you are already on the path to losses!

Many people say, 'I can profit 8 times out of 10!' This may be true for you, but does the market care how much you win? What it cares about is whether you want to continue playing. As long as you keep playing, your type of operation is destined to lead to a major disaster, making you lose both principal and interest! To be honest, at its core, it's undoubtedly gambling!

Fair gambling plays with probabilities, and trading is the same. Therefore, the core of trading is to control risks as well as possible while maximizing the probability of winning. No matter how much you win, the result of winning is what matters. In the cryptocurrency space, only two types of people really achieve results: one is lucky with the right skills encountering a rare opportunity, and the other is a group that engages in long-term thinking and trading. So-called long-term trading is actually trend trading, betting on what price range will be reached at a certain point in the future.

During this time, I have mainly been shorting, although Bitcoin has been rising all the way, my profits are not inferior to those who have been going long. For me, it’s also about probability and profit-loss ratio. The idea is simple: in a continuously rising market, is it easier to rise quickly or to fall? In reality, once a certain point is reached, a decline is inevitable, and it could be significant. I am seizing this point, and furthermore, by adopting strategies such as phased entry and reserving margin, I have been given ample room for trial and error.

Currently, the market hasn't changed much, just oscillating within a range. The reason for the sideways movement is that the market is choosing a direction, while in fact, the market makers are observing market reactions to long and short positions before taking the next step in harvesting operations. This is what’s called big data killing familiarity! How to avoid being mistakenly killed? It's simple: just don't trade or act against human nature!

Next, I will still focus on shorting at high points, operating with light positions. The downward space is still very large, while the upward momentum seems weak. If trading in spot, don't rush; Bitcoin above 70,000 is worth having!