I once knew a friend who immigrated to Canada. Initially, he invested tens of thousands in the cryptocurrency market, and now he has achieved several small financial goals.

At that time, I was deeply in debt in the crypto market. Once, when we met, he told me a few words that made me completely clear-headed.

He said: "In the cryptocurrency market, most people are actually led by their emotions. As long as you can stabilize yourself, this place will become your cash machine."

From his successful experience, I finally summarized the following six laws:

1. Fast rise, slow fall = accumulation

A sharp rise and a slow decline indicate that large funds are secretly accumulating. Don't be afraid of declines; pay attention to the rhythm.

2. Fast fall, slow rise = distribution

A sharp drop followed by a weak rebound indicates that the market is dumping. Don't be greedy for bargains; be cautious of becoming a bag holder.

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

Volume determines direction; only with volume is there a play; without volume, it’s the end of the line.

4. Volume at the bottom, don’t be impulsive; continuous volume is safe

Once volume may be a bait, while multiple volumes indicate a consensus is forming.

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

Forget the complex structure of candlestick charts; return to market psychology; volume is the mirror of consensus.

6. "Nothing" equals everything

Without obsession, greed, or fear, there is a real winning rate.

Those who can wait in cash for opportunities deserve to own a big market.

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

The data from the beautiful country, the announcements from Bi'an, and the main force's pull-up,

These pieces of information are just superficial; the real variable is the fluctuation in your heart.

The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the related risks, maintain calmness and rationality, and respond to market changes with a steady strategy!