One of my old friends has been in the cryptocurrency space for 5 years, growing from 200,000 to over 50 million, relying solely on a very simple method!

He is 38 years old this year, from Fujian, owns 3 apartments: one for his family, another rented out, and one he lives in himself. In his 5th year of cryptocurrency trading, he turned 200,000 into several million, without relying on insider information or luck, but solely on a 'simple method.'

Now I am sharing his experience for free with fellow cryptocurrency enthusiasts.

【6 Major Laws of the Cryptocurrency World｜Understanding them is worth more than learning ten types of techniques】:

1. Fast rise and slow fall = accumulation

A rapid increase followed by a slow decline indicates that large funds are secretly accumulating. Don't be afraid of declines; pay attention to the rhythm.

2. Fast fall and slow rise = distribution

A sharp drop followed by a weak rebound indicates that the big players are fleeing. Don't be greedy for bargains; be careful not to become a bag holder.

3. Volume at the top = possible continuation; no volume at the top = time to flee

Volume determines direction; where there is volume, there is opportunity; without volume, it’s the end of the line.

4. Volume at the bottom, don’t act impulsively; sustained volume is safe

One instance of volume may be bait; multiple instances of volume indicate consensus is forming.

5. Trading cryptocurrency is about trading emotions; consensus determines direction

Forget about the complex structure of candlesticks; return to market psychology; volume is the mirror of consensus.

6. 'Nothing' equals everything

Without obsession, greed, or fear, one can achieve a true winning rate.

Those who can remain in cash and wait for opportunities deserve to capitalize on major market trends.

The last point: the only enemy in trading is yourself.

The data from the United States, the announcements from Bitmain, and the rises orchestrated by major players,

these pieces of information are just surface appearances; the real variable is the fluctuations in your mind.

The cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and respond to market changes with a prudent strategy!