财经每每

Don't focus on 'profits'
First, get the 'trading process' right. In the early stages of trading, 95% of traders make the same mistake: they focus too much on profit and loss results. They either set a goal of 'making XX dollars every day' or regret a losing trade for half a day. The more they focus, the more confused they become, and their trading decisions are completely swayed by emotions. The real key is: focus on the process you can control, and ignore the results you cannot control. What you can control: whether you strictly follow trading rules, whether you do a good job of reviewing trades, whether you manage your position size well; what you cannot control: market trends, the profit and loss of a single trade (even with a perfect strategy, there will be normal fluctuations). If a loss is a 'normal fluctuation within the strategy'—for example, entering according to the rules and stopping losses, but the market didn't move as expected—then there's no need to regret it; just calmly welcome the next trade. Overthinking profits and losses will only make you lose direction in the random fluctuations of the market, and you'll end up doing worse.

What will BTC do next? Where are the key positions? In fact, every year in the fourth quarter, BTC and ETH perform very well. My operational suggestions are as follows: First: Pay attention to two key positions for BTC: 105k and 100k. If it falls below 100k, consider liquidating a portion and waiting for the market to clarify before re-entering. The 105k position is also very critical for support! Second: This October has seen the largest liquidation in history; it is possible that after the bloodbath, the market will begin a violent surge after a period of adjustment. This can be seen in past data. Third: After the bloodbath and the uncertainty of interest rate cuts, I believe that a big market movement will occur after mid-December. Firstly, after a major liquidation, it usually requires at least around 2 months for adjustment. This was the case on February 3rd this year, August 5th last year, and previously on March 12th and May 19th.

Second, a statement from Powell: The market's over $1.1 billion was liquidated, key data: the truth behind the drop, after 2 AM on October 30, the crypto market bled again.
1️⃣ Over $1.1 billion in long positions were forcibly liquidated (according to CoinGlass data, approximately $970 million of that was long positions).
2️⃣ Investors are worried about a repeat of the historical scenario in 2019 when the Federal Reserve ended QT and BTC once plunged 35%. Why did it drop? — Don't be misled by the term 'rate cut' as it doesn't mean 'money supply increase'.
This time the market's decline is actually a typical characteristic of a liquidity vacuum period. 1. Policy level: Rate cuts are just a direction and do not mean money will immediately enter the market.

2025-11/2 Market Analysis

We also need to pay attention to key points, the liquidation map, which positions should we focus on? The liquidation map of centralized exchanges represents the accumulated volume of long and short positions in the entire derivatives trading. First, two key positions: when BTC breaks below 104k, the accumulated liquidation amount for long positions is 5 billion USD; when BTC rises above 124k, the accumulated liquidation amount for short positions is 15.4 billion USD. At the same time, the leverage multiples have also accumulated a significant amount of liquidation at the two key positions of 105k and 117k. Currently, the leverage position has set 105k as the strongest psychological defense line expectation.