Having seen the cycles of new and old players in the crypto market, I finally awakened to the realization: the so-called myth of getting rich quickly does not start with catching a 100x coin, but rather with embedding "risk control first, never hold on stubbornly" into the trading logic, allowing one to survive countless market fluctuations.

Four years ago, a friend of mine entered the market with a capital of 1000 U, and throughout, he did not catch any super bull market, relying solely on a set of "simple methods" to steadily progress.

Now, his account has surpassed 1 million U. Based on observations over these four years, he has compiled 6 practical principles:

First, a rapid rise followed by a slow fall often indicates accumulation, like some coins recently surging sharply and then slowly declining, which is essentially the market maker washing the盘; don’t rush to cut losses;

Second, be wary of selling when there’s a rapid fall followed by a slow rise, as weak rebounds after a flash crash are often a trap for the unsuspecting; currently, market liquidity has shrunk by 66%, so bottom fishing must be cautious;

Third, a spike in volume at the top is not the endpoint; a decrease in volume is a dangerous signal;

Fourth, do not rush in during a single volume spike at the bottom; only a sustained volume breakout from a consolidation zone is the right time to build a position;

Fifth, the core of trading is the game of volume and price; candlesticks are just the results, while volume is the barometer of market sentiment;

Sixth, learning to be in cash is the real skill; discard #FOMO emotions, do not be greedy or cling to battles.

Currently, the spot trading volume in the crypto market has shrunk to around 250 billion, and the fluctuating market tests one’s mindset even more.

Frequent operations are not as effective as precise actions; prioritize not losing, and going slower may lead to more stability.

Follow me for practical skills that can be implemented, see you in the Binance chat room. @比特阿猫