After surviving a round of bearish market purges, the market has rebounded from its bottom. Although the closures of two exchanges have brought a chill, the period of market stagnation and low temperatures has already ended, and signs of recovery are clearly evident. Momentum has been off the mark and there is more upside than downside potential.
Long-term, making money is also the 28% principle. 80% of the time is spent waiting and getting shaken by market fluctuations. Hold on and don’t get liquidated—then you’ll be profitable during the remaining 20% of the time.
Today I came across another AI trading project. Earlier on, I was really into this. I kept trying to write my own trading strategies, thinking I could make money by using strategies. I tried for years, and now I've given up on those ideas. The path to success is ultimately simple: trading is like selling goods—the profit comes from the spread.
Trying to find certainty in a market full of randomness and uncertainty is, in itself, not a very reliable thing to do.
The recent market action looks more like a bottom-range consolidation, with a recovery trend. It may break above the previous high—everything depends on whether it can hold its ground. If you’re going short, be careful; keep an eye on your margin. $ETH