Some things make sense only after you've lost on them.
Time is also a cost: one principle is that capital tied up has a cost. A coin that goes sideways for half a year means that even if you don’t lose money in the end, you still lose half a year of opportunity. Don’t just calculate profit and loss; calculate time too.
Take today’s $MARSCOIN as an example: now 0.168400, 24h -29.80%. This kind of market movement perfectly confirms the point above. It’s not some coincidence; it’s human nature repeating itself on the chart.
The more I think about it, the more I feel that in trading, what matters in the end is not technique, but mindset. Wait for signals, not for moods.
ETH is now hovering around 13.27 in the morning session, up 9.83% over 24h.
Last night’s high and low were 13.36 / 12.07, and overall it’s been consolidating within the range. The key morning focus is whether it can hold the 12.07 level — if it breaks, there will be more downside room; if it holds, we can look for a small short-term rebound.
Trading volume was 54 million USDT, which isn’t large, suggesting funds are still on the sidelines and there’s no clear directional choice yet. At times like this, the last thing to do is rush in; first get a clear read, then make a move.
Take a quick look before the market opens. BTC is currently stuck at 80,055, up 0.34% in the past 24h, and overall relatively strong. ETH is around 2,508, up 1.10% in the past 24h, also relatively strong.
BTC traded in the 79,233 to 80,108 range overnight, which is a pretty important level. If the market can open with volume and hold above around 80,108, short-term sentiment will improve a lot; on the flip side, if it gets slammed below 79,233 right at the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s lead here. Without direction from BTC, ETH is hard-pressed to move independently. Trading volume was 521 million USDT, not very active, which means everyone is waiting for the opening signal.
I won’t jump in right at the open today. I’ll watch for the first half hour and confirm the direction first. Wait for the signal, not for the mood.
I read an old saying and it suddenly matched today’s chart.
There’s a principle in Keynes’s famous quote: Keynes said the market can stay irrational longer than you can stay solvent. That line should be on the screen of everyone who uses leverage. You can be right and still get carried out.
Take today’s $ZEC as an example: now 1,234, 24h +21.89%. This kind of price action perfectly illustrates the point above. It’s not some coincidence; it’s human nature repeating itself on the chart.
The market won’t spare you just because you understand the logic. Wait for the signal, not for the mood.
The high and low during this period are 1.4428 / 0.868000, with trading volume of 0.35 billion USDT.
0.868000 is the support level to watch right now. If it breaks below that, there will be no obvious buying support underneath. On the upside, 1.4428 is the resistance for this round; before it breaks through with volume, any rebound should only be treated as a rebound.
Liquidity is relatively thin during this period, so the price can easily be pushed around by small orders. Wicks and sharp swings are nothing unusual. If you really want to trade, place limit orders instead of chasing market orders, and don’t set your stop loss too close.
The high and low during this period are 2,524 / 2,461, with a trading volume of 475 million USDT.
2,461 is the support level that matters most right now; if it breaks, there is no obvious buy-the-dip area below. On the upside, 2,524 is the resistance for this move, and until it breaks through on strong volume, any rebound should still be treated as just a rebound.
Liquidity is relatively thin during this period, so the price can easily be pushed around by small orders. Wicks and sharp moves are nothing unusual. If you really want to trade, use limit orders instead of chasing market orders, and don’t set your stop loss too tight.
I copied this passage into my notebook, and I flip through it every so often.
In "The Most Important Thing," there is a principle discussed: Howard Marks talks about second-level thinking: when others see a rise and chase it, you should see a rise and ask yourself—who is selling? Why are they selling? First-level thinking makes you follow the crowd; second-level thinking keeps you from taking the bag.
Take today's $ARB as an example: right now it's 0.188400, up 38.94% in 24h. This kind of market just proves the point above. It's not some coincidence; it's human nature repeating itself on the tape.
The more I think about it, the more I feel that in trading, what matters in the end is not technique, but mindset. Make a note of it and look back later.
The high and low during this period are 80,162 / 79,233, with trading volume of 807 million USDT.
79,233 is the key support to watch right now. If it breaks below that, there is no obvious bid support underneath. On the upside, 80,162 is the resistance for this round; until it breaks above with volume, any rebound should still be treated as just a rebound.
Liquidity is relatively thin during this time, so price can easily be pushed around by small orders. Spikes and sharp reversals are nothing unusual. If you really want to enter, place limit orders instead of chasing market orders, and don’t set your stop-loss too tight.
I had just scrolled to a passage and froze for a moment.
About losing money in a bull market, it makes one point: Losing money in a bull market hurts more than in a bear market. In a bear market, everyone loses together; in a bull market, only you lose. The usual reason is the same: under the anxiety of watching others make money, you used leverage beyond your ability to control.
Take today’s $ARB as an example: now 0.185100, 24h +39.49%. This kind of market just confirms the point above. It’s not some coincidence; it’s human nature repeating itself on the chart.
Between knowing and doing, there are several liquidations. The market is right there; being anxious is useless.
I copied this passage into my notebook and look back at it every so often.
The idea behind building positions in batches makes a point: Going all in at once means you have to buy at the bottom to avoid feeling bad. Entering in three stages means you give up the chance to buy at the very lowest point, and in return you gain the composure of not getting crushed. That trade-off is worth it.
Using $ETH as an example from today: now 2,482, 24h +1.01%. This kind of market action just happens to confirm the point above. It's not a coincidence; it's human nature repeating itself on the chart.
Looking back, the places where I stumbled were all written in this sentence. This time, I'll just watch and not make a move.
I reviewed today’s market before bed. To be honest, today’s action was pretty informative.
BTC moved between 79,577 and 80,200 today, and finally closed at 79,830, up +0.27% on the day. What matters most here is not the rise or fall itself, but whether trading volume kept up. Today’s 778 million USDT wasn’t really active, which suggests market sentiment is still relatively cautious.
ETH was a bit stronger, up +1.66% on the day, closing at 2,495, with a trading range of 2,456 to 2,524. Its correlation with Bitcoin is still very clear; if Bitcoin doesn’t move, it’s hard for ETH to run on its own.
The biggest mover today was $ARB , which surged +45.05% on the day with 118 million in trading volume. Moves like this are either due to early positioning by funds or amplified volatility from sentiment-driven trading.
The most important signal today: whether BTC can see volume expansion at key levels will determine the next direction. Tomorrow I’ll be focusing on whether BTC can hold the xxx level.
Keeping some bullets in reserve is better than anything else.
Up +0.06% for the day, closing at 79,804, with a high/low of 80,200 / 79,546. Trading volume was 782 million USDT, which is a fairly decent amount of activity for today.
What’s most worth noting today is that BTC is attracting capital attention. If it can hold above 79,804 tomorrow, the move may have some room to continue. But if tomorrow opens with a direct drop, then today’s move is most likely just a short-term trade.
I just came across a passage and froze for a moment.
In "Common Stocks and Uncommon Profits," it talks about a principle: Fisher's casual conversation method: if you want to understand a company, ask its competitors, suppliers, and employees. In crypto, that means — don't just look at the official account; check whether developers are still committing code, and see what the community is talking about.
Take $ETH as an example today: now 2,500, 24h +1.67%. This kind of market action just confirms the principle above. It's not a coincidence; it's human nature repeating itself on the charts.
The market won't spare you just because you understand the reasoning. Make a note and come back to compare later.
The high and low for this period are 0.188900 / 0.161600, with trading volume of 62 million USDT.
0.161600 is the key support to watch right now; if it breaks, there won't be any obvious buying support below. On the upside, 0.188900 is the resistance for this move. Until it breaks above it with volume, any rebound should still be treated as just a rebound.
Liquidity is relatively thin during this time, so prices can easily be pushed around by small orders; wicks and sharp moves are nothing unusual. If you're really going to trade, place limit orders instead of chasing market orders, and don't set your stop-loss too tight.
ETH is now at 106.72 in the evening, up 4.35% over 24h.
Today's full-day range was 102.29 to 107.30, with a trading volume of 262 million USDT. During this evening period, ETH is most likely to follow BTC's pace. If Bitcoin suddenly surges, ETH will likely follow; conversely, if Bitcoin drops sharply, ETH will have a hard time staying unaffected.
If you want to make a move tonight, it is recommended to watch the 102.29 support level closely. If it holds, you can consider trying a small position; if it breaks, wait for the next support. The worst thing is getting emotionally carried away at night and rushing in without thinking it through.
The market is just there; being anxious won't help.
There’s a saying I’ve remembered for a long time, and today it came back to me again.
In The Black Swan, there’s a lesson: Taleb says black swans are unpredictable, but you can make yourself survive extreme events. In the crypto market, you never know whether there will be a sudden wick in the next second or whether a coin will get delisted. Position sizing isn’t for making money; it’s for staying alive.
Take $ETH as an example today: it’s now 2,498, up 1.77% in 24h. This kind of price action perfectly illustrates the point above. It’s not a coincidence; it’s human nature repeating itself on the chart.
We’ve all heard the principles. The hard part is whether you can really do it when the moment comes. When it’s time to wait, you have to wait.
It's almost the close, and $ZEC is definitely worth talking about today.
It rose +18.69% throughout the day, with a trading volume of 242 million USDT, making it one of the most active coins in the market today. The price was pushed from 1,004 all the way up to 1,220, and has now pulled back to around 1,198.
This kind of move suggests that capital hasn't left yet, but short-term profit-taking is also happening. The key point to watch tomorrow is whether it can continue to see increased volume around 1,198. If volume doesn't keep up, there's a high probability it will retest lower; if volume continues to rise, then more upside opens up.
Did you catch this move today? Do you still like this coin tomorrow?
There’s not much to say today, so let’s talk about something else.
Regarding averaging down, there’s a principle mentioned there: The essence of averaging down is being unwilling to admit you were wrong. But the market doesn’t care about your pride; it will only make the cost bigger and bigger. The first stop loss is the cheapest, and every one after that gets more expensive.
Take $ETH as an example today: it’s now 2,495, up 1.61% in 24h. This kind of price action just confirms the point above. It’s not a coincidence; it’s human nature repeating itself on the chart.
The market won’t show you mercy just because you understand the logic. I’ll just watch this one for now and won’t make a move.
As of the afternoon session, ETH is around 760.20, up 4.55% over 24h.
The intraday range is 738.16 to 780.64, with a trading volume of 275 million USDT. Both bulls and bears are pretty quiet right now, waiting for a signal.
If it can break above 780.64 with volume in the afternoon, that means the bulls still have some ideas; on the flip side, if it pulls back to 738.16 and can’t hold above it, this move may be coming to an end. For futures traders, the biggest mistake at this point is going heavy on a directional bet, since one sharp move can wipe you out.
What are you doing with this afternoon’s market—sitting on the sidelines, or making a quick short-term trade?
Beyond the chart, let me talk about something I’ve been thinking about for a long time.
There’s a principle in the arithmetic of liquidation: If you lose 50%, you need a 100% gain just to break even; if you lose 80%, you need a 400% gain. This asymmetry is the graveyard of everyone who goes in too heavily. Protecting your principal is not a slogan; it’s a mathematical requirement.
Take $ETH as an example today: now at 2,513, 24h +2.52%. This kind of market just happens to confirm the point above. It’s not some coincidence; it’s human nature repeating itself on the chart.
The market won’t spare you just because you understand the logic. Keeping some ammo is better than anything else.