Up 2.80% for the day, closing at 83,718, with a high/low of 83,911 / 81,322. Trading volume was 1.13 billion USDT—fairly convincing for today.
The main thing to note today is that funds are taking an interest in BTC. If it can hold above 83,718 tomorrow, this move may have room to continue. But if it opens and gets dumped right away, today’s rally was probably just a short-term trade.
Someone asked me how I read the market, and this is what came to mind.
Larry Hite’s 1% rule teaches an important lesson: Hite said he never risked more than 1% on a single trade. It sounds overly cautious, but that very 1% is what kept him alive through every crash. Have you ever calculated what percentage of your capital your biggest single-trade loss would be?
Take today’s $ETH as an example: it’s now at 2,472, up +2.99% over 24h. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the markets.
The market won’t go easy on you just because you understand the principles. Start by reducing your position.
$IOST is now trading at 0.001490, up 85.55% in 24h.
The high and low for this period are 0.001589 / 0.000777, with a trading volume of 34 million USDT.
0.000777 is the key support to watch right now. If it breaks, there’s no obvious support below. To the upside, 0.001589 is the resistance for this move. Until the price breaks above it on strong volume, any bounce should be treated as just a bounce.
Liquidity is thin during this period, so even small orders can move the price. Sharp wicks and fake moves are nothing unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too tight.
The market will do what it does. There’s no point rushing.
ETH is currently at 106.80 this evening, up 2.63% over the past 24 hours.
Today's range was 103.89 to 108.25, with a trading volume of 218 million USDT. At this time of evening, ETH tends to follow BTC's lead. If Bitcoin suddenly rallies, ETH will most likely follow; conversely, if Bitcoin plunges, ETH will have a hard time escaping the fallout.
If you're thinking of making a move tonight, keep a close eye on the 103.89 support level. If it holds, you could consider testing the waters with a small position; if it breaks, wait for the next support. The biggest risk is getting carried away by emotions tonight and jumping in without thinking it through.
Nothing much to say today, so let’s talk about something else.
There’s a lesson in Dalio’s *Principles*: Dalio turned every failure into a principle. I’ve started keeping track of the reasons behind every loss I take in crypto, too. Looking back, I see that I keep repeating most of the same mistakes. They’re not technical issues—they’re human nature.
Take today’s $ETH , for example: currently 2,450, up 2.60% over the past 24 hours. This kind of price action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the market.
Looking back, the places where I stumbled are all spelled out in that one sentence. I’ll say more tomorrow.
The market is about to close, and $ZEC is definitely worth discussing today.
It’s up +12.35% on the day, with a trading volume of 226 million USDT, making it one of the most active coins today. The price climbed from 1,126 to 1,296 and has now pulled back to around 1,269.
This trend suggests that money hasn’t flowed out yet, but short-term profit-taking is also underway. The key thing to watch tomorrow is whether trading volume continues to increase around 1,269. If volume doesn’t pick up, a retest is likely; if it keeps growing, there’s room for further gains.
Did you catch this move today? Are you still bullish on this coin tomorrow?
Away from the charts, I want to share something I’ve been thinking about for a long time.
There’s a principle in trading systems: A trading system isn’t a combination of indicators; it’s a set of rules for what to do in different situations. Its value isn’t in helping you make more money, but in giving you something to rely on when your emotions get out of control.
Take today’s $ETH as an example: it’s at 2,456, up 2.90% over 24 hours. This market action is a perfect case in point. It’s no coincidence—it’s human nature repeating itself in the charts.
There are several blown accounts between knowing and doing. It’s better to keep some bullets in reserve than anything else.
The afternoon market is at this point: ETH is around 1.3336, up 2.48% over 24 hours.
The intraday range is 1.2902 to 1.3465, with a trading volume of 104 million USDT. Neither bulls nor bears are making any big moves right now; both sides are waiting for a signal.
If we see a breakout above 1.3465 on higher volume this afternoon, it would show the bulls still have some fight left. On the other hand, if the price retests 1.2902 and fails to hold, this rally may be coming to an end. For futures traders, the worst thing to do right now is bet heavily on a direction—you could easily get wiped out by a single candle.
Are you sitting on the sidelines this afternoon, or going for a short-term trade?
Some lessons only sink in after you’ve taken a loss.
There’s an important lesson about drawdowns: Maximum drawdown tells you more about a strategy’s quality than its annualized return. With a strategy that returns 100% annually but suffers a 70% drawdown along the way, you simply wouldn’t be able to stick with it in live trading. Paper returns and returns you can actually hold onto are two different things.
Take $ETH today as an example: it’s now at 2,439, up 1.77% over 24 hours. This market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
There are several liquidations between knowing and doing. Make a note and check back later.
Taking a quick look at the market over lunch. $WLD has been showing solid momentum today, up +9.98% in 24 hours.
The current price is 0.594900, with an intraday high of 0.598300 and a low of 0.528000. Trading volume is 98 million USDT. That kind of volume suggests this isn’t just a minor move—there’s real money paying attention.
But I have to say this: chasing a rally at midday can come at a cost. Many coins surge around noon, then start to pull back in the afternoon. If you’re bullish on it, rather than jumping in now, it may be better to wait and see whether support holds this afternoon.
At this point in the day, are you already in, or waiting for a pullback?
Nothing much to say today, so let’s talk about something else.
There’s a lesson from Paul Tudor Jones: Jones says that every day when he wakes up, he assumes every position he holds is wrong. Defense first, offense second. People who survive in the market for thirty years focus on how not to die, not how to get rich quick.
Take $ETH today as an example: it’s at 2,449, up 1.78% over the past 24 hours. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the markets.
We’ve all heard the lesson. The hard part is whether we can actually follow it when the moment comes. The market is what it is. There’s no point getting anxious.
I scanned the market this morning, and $SPCXB caught my eye today, surging +9.09%.
The price is now at 161.76, with an intraday high and low of 162.06 / 143.52. Trading volume is 42 million USDT, suggesting that buyers are actively stepping in—not just retail traders rushing in blindly.
When a coin suddenly sees a spike in volume early in the day, it’s usually one of two things: either buyers have caught wind of good news ahead of time, or major players are testing the waters. Either way, the biggest mistake right now is chasing the price blindly. It’s already risen so much that the risk of buying in outweighs the potential reward.
If you’re already in, keep an eye on 143.52—if it breaks below that level, make sure you exit. If you haven’t entered yet, consider waiting for a pullback to a support level before making a move.
Beyond the market charts, here's something I've been thinking about for a long time.
There's a lesson in Fooled by Randomness: Taleb talks about how to distinguish luck from skill. A lot of people in crypto mistake the luck of a bull run for their own skill, and only start questioning themselves when the bear market comes. Be honest about your track record. Don't mistake beta for alpha.
Take $ETH today, for example: it's at 2,453 now, up 2.12% over 24 hours. This market action is a perfect illustration of the lesson above. It's no coincidence—it's human nature repeating itself in the markets.
Looking back, the places where people stumbled were all laid out in that sentence. The market is what it is; there's no point getting worked up.
ETH is hovering around 0.082030 in the early session, up 3.31% over the past 24 hours.
Last night’s high and low were 0.082280 and 0.078490, respectively, with prices generally moving within the range. The key thing to watch this morning is whether 0.078490 can hold—if it breaks, there could be more room to fall; if it holds, we may see a small short-term rebound.
Trading volume is 31 million USDT, which isn’t particularly high. This suggests traders are still sitting on the sidelines, with no clear directional move. The last thing to do right now is rush into a trade; wait for a clearer picture before acting.
A quick look before the market opens. BTC is currently stuck at 83,101, up 1.27% over 24 hours, with an overall bullish bias. ETH is hovering around 2,455, up 1.99% over 24 hours, also with a bullish bias.
BTC traded between 81,200 and 83,439 overnight, and this level is pretty important. If it can hold near 83,439 on strong volume after the open, short-term sentiment should improve quite a bit. On the other hand, if it gets pushed below 81,200 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC's direction. If BTC doesn't show a clear direction, it's hard for ETH to move independently. Trading volume is 575 million USDT, not particularly active, which suggests everyone is waiting for a signal from the market open.
I won't jump in right at the open today. I'll watch for half an hour first, then decide once the direction is clear. I'll make a note and compare it later.
Some lessons only sink in after you’ve taken a loss.
Here’s a lesson about news and market sentiment: By the time you see bullish news in a group chat, the price has usually already priced it in. The moment the news reaches retail investors, its value has been completely used up. All that’s left is for them to hold the bag.
Take $ETH today as an example: it’s now at 2,453, up 1.94% over 24 hours. This price action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
It sounds simple, but it takes a lot of tuition to put into practice. Make a note of it and check back later.
$PEPE is currently trading at 0.000005, up 12.68% over the past 24 hours.
The high and low during this period are 0.000005 / 0.000004, with a trading volume of 58 million USDT.
0.000004 is the key support to watch right now. If it breaks, there’s no obvious buying support below. To the upside, 0.000005 is the resistance for this move; until price breaks above it on strong volume, treat any bounce as just a bounce.
Liquidity is thin during this period, so small orders can easily push the price around. Sudden wicks and fakeouts are nothing unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too tight.
Keeping some powder dry is better than anything else.
$ETH is now trading at 2,450, up 2.12% over 24 hours.
The high and low for this period are 2,478 / 2,373, with a trading volume of 505 million USDT.
2,373 is the key support to watch right now; if it breaks, there’s no clear support below. To the upside, 2,478 is resistance for this move. Until price breaks above it on strong volume, any bounce should be treated as just a bounce.
Liquidity is thin during this period, so small orders can move the price easily. Long wicks and fake moves are nothing unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too close.
Not much to say today, so let's talk about something else.
There's a principle discussed in “Time Is Also a Cost”: Tying up capital comes at a cost. Even if a coin that trades sideways for six months doesn't end up losing you money, you've still lost six months of opportunity. Don't just calculate your profit and loss—factor in time, too.
Take today's $ETH as an example: it's now at 2,452, up 2.04% over 24 hours. This kind of market action is a perfect illustration of the point above. It's no coincidence—it's human nature repeating itself in the market.
We've all heard these principles. The hard part is whether we can put them into practice when the moment comes. Let's trim our positions a little.
The high and low for this period are 83,439 / 81,200, with a trading volume of 1.13 billion USDT.
81,200 is the key support to watch right now. If it breaks, there are no obvious buying zones below. On the upside, 83,439 is the resistance for this move. Until price breaks above it on strong volume, treat any bounce as just a bounce.
Liquidity is thin during this period, so even small orders can push prices around. Sharp wicks and chart manipulation are not unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too tight.
Keeping some powder dry is better than anything else.