Recently, my desire to write has been very low. First, my traffic is limited, and the comment section is also under risk control. Second, there is too much noise, which has affected me.

At this stage of the market, retail investors' psychology is very contradictory, as there are clear reasons for both upward and downward movements. It has been suggested to ignore the noise in the market as much as possible, and after deep contemplation, to prepare two sets of response plans, being neither overly attached nor overly anxious, and just stick to your own judgment.

Although it is just a few simple sentences, not everyone can understand them deeply. Just like during school when teachers assign math homework, some people think seriously, some humbly ask for help, some prepare in advance, some apply what they learned to new situations, some scribble their answers, some copy answers directly, some pay others to write for them, and some are lazy and do not do it.

Deng Xiaoping once said, it doesn't matter if it's a white cat or a black cat, as long as it can catch mice, it's a good cat. It's indeed not difficult to open a short position or catch a rebound to make small profits, but the challenge lies in whether there is stability in making continuous profits.

Diligence brings excellence, while play leads to neglect. It is difficult for us to earn money beyond our own character and understanding. For most ordinary players, trading cryptocurrencies does not require excessive diligence; frequently buying high and selling low will only deplete our principal. Those who achieve significant results in the crypto space often have their own survival rules. At the very least, one must understand oneself and be able to control one's emotions.

At this historical crossroads with significant divergence, regardless of whether one is bullish or bearish, the most reasonable approach is to maintain a certain degree of short positions, and to exercise extreme caution with every move, ensuring to set stop-losses. For those going long, reducing positions at highs is a priority, while for those going short, taking profits and securing gains is the priority.

Objectively speaking, the current bear market is not a stagnant pool devoid of vitality. As long as there are topics of discussion and capital flow in the market, there will definitely be opportunities to make money. Whether one can actually profit depends on personal character and ability, rather than being attributed to the market itself. If you cannot step away from the noise of the market to reflect on yourself, the pitfalls you've encountered in the past will only reappear, and you will fall into them more frequently.

In the past few days, the market has seen a V-shaped reversal, and some old altcoins have warmed up a bit. The little emotions in the comments section have resurfaced. As I read some friends' messages and inquiries, I truly don't know how to feel. Perhaps we really are in different dimensions of people. I am already tired of writing this kind of comforting text. I don’t want to become overly paternalistic at such a young age, nor do I want to be an old-timer in the crypto world.

Many friends are asking about the situation of coins like FIL, ORDI, ZEC, and DASH. In fact, these questions have been discussed in many posts, comments, and even live streams. I don't think the surge in these coins is sudden; in fact, it could be anticipated in advance. I personally feel that the timing of this surge is not a good thing.

You may feel excited or guilty about these old coins' mere 2-3 times surges, or you might regret missing out on the frenzy of privacy coins. But to be honest, I have become indifferent to these phenomena. Just look at where these coins have fallen from. What is the significance of suddenly pulling back 200-300% from the bottom? Although I cannot determine whether the market will continue, at a time when liquidity is so scarce, the main players using a doomsday party approach to stimulate these old coins that no one cares about feels a bit like self-entertainment.

To show you that this judgment is not a hindsight perspective, I have excerpted a segment from a previous live broadcast that should clearly express my views on selecting coins and layout. Due to platform restrictions, I can only excerpt a segment under 2 minutes. If you are interested, I sincerely suggest you go to my profile homepage and find the recording of the second live session on the live broadcast page, and check out my statements and suggestions regarding these well-known cryptocurrencies from 02:24 to 02:42.

In the past six months, I have been increasing the time I spend learning and growing in the cryptocurrency space, and I require myself to continuously produce dynamic content. Therefore, regarding the communication in the dynamic comment section, I look forward to a more synchronized and in-depth dialogue, rather than it becoming a vent for emotional pressure. Due to the disturbances caused by the dynamics during this period, I will gradually adjust my content output and update frequency, and I plan to write more about trading psychology and trading logic in the future.

Based on the current market trends, I tend to believe that we are at the end rotation phase of quality assets, and BTC and ETH will continue to reach ATH. If you are not caught up in the discussion of bull-bear turning points, you can focus on opportunities on the right side; however, if you place importance on bull-bear judgment, the signals from these several doomsday battlefields surging are worth your caution. Especially recently, there have been some undesirable small anomalies, which were also mentioned during the live broadcast, including stablecoin depegging, certain tea jys withdrawals, and DeFi staking spirals...

It should be noted that I do not have the ability to accurately predict the market; I can only make directional judgments based on existing signals and am only responsible for my own positions. I also hope that everyone maintains an open and optimistic mindset to face the upcoming turning points, after all, the market is always right.

I didn't go out on the weekend, I will整理一下 the market situation during this time. Let's meet on Monday evening at 8 o'clock for a live chat ☕#加密市场观察 .