Someone asked me what I think about reading the market, and the sentence that comes to mind is this.
Regarding the principle mentioned in exiting trades: Many people study how to enter, and almost no one seriously studies how to exit. But your profit is entirely determined by your exit. Entry only decides whether you participate; the exit determines how much you earn.
Take today’s $BTC as an example: now it’s 74,459, with a 24h +7.93% move. This kind of chart just happens to confirm the idea above. It’s not coincidence—it’s human nature repeating itself on the market.
The more I think about it, the more I feel that in the end, what trading comes down to isn’t technique—it’s temperament.
I scanned the early session and noticed that $ACE is kind of interesting today—it surged straight up by +24.19%.
Right now the price is 0.241300, with the intraday high/low at 0.289100 / 0.180100. Trading volume is 0.53B USDT, which suggests there’s active buying from capital—not random retail FOMO.
For a coin that suddenly spikes in volume like this early in the day, the two most common scenarios are: either there’s some positive news that the capital picked up on ahead of time, or the main players are testing the market. Either way, the worst thing at this point is to chase blindly. It has already risen so much—going in now carries more risk than opportunity.
If you’re already in, watch the 0.180100 level. If it breaks, you should leave. If you haven’t entered yet, it’s better to wait for a pullback to a support area before considering.
There's not much to say today, so let’s talk about something else.
In the gambler’s fallacy, there’s a lesson: Five straight days of decline doesn’t mean the sixth day should go up. The market has no memory, but you do. That feeling that I should get back to breakeven is the starting point for adding more and averaging down—and it’s also the beginning of a liquidation.
Take today’s $BTC as an example: now it’s 73,671, up +6.14% in 24h. This kind of chart perfectly confirms the principle above. It’s not a coincidence—it’s human nature repeating itself in the market.
Between knowing and doing, there are multiple rounds of liquidation.
The market is right there. No amount of rushing helps.
ETH early session is currently hovering around 1.2674, up 13.99% in 24h.
Last night’s high/low were 1.3441 / 1.0879, and overall price action has been ranging within that band. The most critical point early today is whether it can hold the 1.0879 level—if it breaks, downside room opens up; if it holds, you may see a short-term pullback rebound.
Trading volume is 472 million USDT; it’s not particularly large, which suggests early-session funds are still in a wait-and-see mode, with no clear directional choice yet. At a time like this, the worst thing is to act impulsively—observe first, then act.
Quick look before the market opens. BTC is currently stuck at 72,676, with a 24h gain of +4.93%, and overall it’s biased bullish. ETH is near 2,314, up +2.81% in the past 24h as well, and it’s also biased bullish.
The range BTC moved in overnight was from 68,902 to 73,111—this level is pretty critical. If the market opens with volume and manages to hold above the 73,111 area, short-term sentiment will be much better; conversely, if it gets dumped below 68,902 right at the open, then today is likely to be a choppy/sideways day.
For ETH, I’m paying more attention to BTC’s “mood.” If Bitcoin can’t find direction, it’s hard for Ethereum to move independently. Trading volume is 1.508 billion USDT—not very active—suggesting everyone is waiting for signals at the open.
Today, I won’t take action immediately when the market opens. I’ll watch for the first half hour to confirm the direction first. I’ll also reduce my position size beforehand.
Outside the chart, let me talk about something I’ve been thinking about for a long time.
In *The Crowd: A Study of the Popular Mind*, a principle is discussed: once people enter a crowd, their intelligence drops. The crypto community chat groups are the best example. The more excited others get, the calmer you should be—not because you’re smart, but because the crowd always stays at the top, in the most excited state.
Take today’s $BTC as an example: right now it’s 72,655, with a 24h change of +4.35%. This kind of market action perfectly confirms the idea above. It’s not a coincidence—it's human nature repeating itself on the chart.
When you look back, the places where you stumbled are all written in that sentence. This time, just watch and don’t make a move.
$BOME The price is now 0.001165, up 33.95% in 24h.
The recent high and low points are 0.001329 / 0.000847, with trading volume of 0.31 billion USDT.
0.000847 is the support you should watch most right now. If it breaks, there’s no clear spot for buyers to step in. On the upside, 0.001329 is the pressure level for this round. Unless it climbs above that with volume, any rebound should only be viewed as a rebound.
During this period, liquidity is relatively thin, so price can be pushed around easily by small orders—price spikes and wick “needle” moves aren’t unusual. If you really want to act, place limit orders and don’t chase the market price. Also don’t set your stop-loss too tight.
The recent high and low in this period are 2,360 / 2,089, with trading volume of 1.989 billion USDT.
2,089 is the key support to watch right now. If it breaks, there won’t be any clear spot for bids to take over. On the upside, 2,360 is the resistance for this leg. Until it manages to break above with volume, any rebound should only be treated as a bounce.
Liquidity during this time window is thin, so price can easily be pushed around by small orders. It’s not unusual to see wick spikes and sweeping moves. If you really decide to act, don’t chase the market price—place limit orders. Also, don’t set your stop-loss too tight.
The market is what it is—there’s no point in rushing.
I copied this passage into my notebook and translate it again every so often.
Regarding the principle mentioned in “Contentment”: In a wave of market action, taking in the middle segment is already enough. People who want the beginning and the end usually can’t even hold the middle. Leaving a little for others to profit from is the secret to being able to live long-term.
Take today’s $ETH as an example: Now it’s 2,344, 24h +12.18%. This kind of chart perfectly confirms the principle above. It’s not a coincidence—it's the repetition of human nature in the market.
Between knowing and doing, there are several rounds of liquidation. Keeping a bit of ammunition is stronger than anything else.
The recent high and low are 72,830 / 67,825, with trading volume of 2.772 billion USDT。
67,825 is the support that should be closely watched right now; if it breaks below, there won’t be any clear spot for buyers to step in. Above 72,830 is the resistance for this round—until it can break above with volume, any rebound should only be treated as a bounce.
In this time window, liquidity is on the thin side, so price can be pushed around easily by small orders; wick spikes and “drawn doors” (manipulative patterns) aren’t uncommon. If you really need to act, don’t chase the market price—place limit orders instead, and don’t set your stop-loss too tight.
I just turned to a passage and froze for a moment.
In a section about the mindset of “trying to get back your losses,” there’s a lesson: All the actions people take to “flip it all in one go” at the end end up turning into losing even more. After you incur losses, what you should do most is to reduce your position size, not to increase it. This backwards move—the line between veterans and newcomers.
Let me give an example using today’s $ETH : Right now it’s 2,314, with a 24h +11.50% move. This kind of market action actually confirms the principle above. It’s not a coincidence; it’s human nature repeating itself in the market.
Between knowing and doing, there are several rounds of liquidation. For now, just watch it—don’t make a move.
Someone asked me what I think about reading the market. What came to mind is this quote.
The lesson in the Kelly Criterion teaches a simple truth: The optimal position size calculated by the Kelly Criterion is usually much smaller than what you’re willing to bet. And it has one prerequisite—you have to know your own win rate. Most people don’t even know what their win rate is, yet they still dare to open 5x leverage.
Take today’s $ETH as an example: now 2,274, 24h +17.45%. This kind of chart perfectly confirms the principle above. It’s not coincidence—it’s human nature repeating itself in the market.
The market won’t hold back just because you understand the logic. Let’s talk again tomorrow.
I went through today’s market moves before bed. Honestly, today’s price action had quite a lot of information.
Today, BTC traded between 65,892 and 72,490, and closed at 71,684 for the day, up +10.21%. What’s most worth watching here isn’t the rise or fall itself, but whether the trading volume has kept up. Today’s volume was 3.242 billion USDT—honestly, that’s not very active—suggesting market sentiment is still relatively cautious.
ETH is a bit stronger: up +17.75% for the day, closing at 2,277, with a fluctuation range of 1,967 to 2,334. Its correlation with BTC is still very clear—if BTC doesn’t move, it’s hard for ETH to run independently.
The hottest performer today is $PUMP , up +18.14% for the day with volume of 35 million. This kind of move is either funds positioning themselves in advance, or a sentiment battle amplifying the volatility.
Today’s most core signal: can BTC expand volume at key levels? That will determine the next direction. Tomorrow, I’ll focus on whether BTC can hold the xxx level.
Up all day +0.00%, closed at 1.0009, with a high/low of 1.0012 / 1.0003. Trading volume was 131 million USDT—today’s volume is quite sincere.
What’s most worth remembering today is that there’s money watching RLUSD. If tomorrow it can hold steady above 1.0009, there may still be room for the trend to continue. But if tomorrow’s open is directly smashed downward, then today’s move was most likely just a short-term trade.
Some truths are only understood after you’ve lost.
In 《This Time It’s Different》, a lesson is discussed: Reinhardt studied 800 years of financial crises, and the conclusion is just four words: this time, it’s the same. Before every crisis, everyone explains why this one is special. In crypto, each cycle has to replay this line over and over again.
Take today’s $ETH as an example: right now, 2,281, 24h +17.96%. This kind of market action perfectly confirms the lesson above. It’s not a coincidence—it's human nature repeating itself in the charts.
This sounds simple, but doing it takes a lot more tuition. Wait for the signal, don’t wait for your mood.
The recent high and low points are 0.000003 / 0.000003, with trading volume of 0.62 billion USDT.
0.000003 is the key support to watch right now. If it breaks below, there’s no clear place for buyers to take over. To the upside, 0.000003 is the pressure level for this round. Until it stands above with increased volume, any rebound should be treated only as a bounce.
During this period, liquidity is relatively thin, so price can be pushed around by small orders; getting wicks/spikes and “painted” candles isn’t unusual. If you really plan to act, don’t chase the market price when placing limit orders, and don’t set your stop-loss too tight.
ETH is now at 10.73 this evening, up 9.83% in the past 24 hours.
Today’s full-day range is 9.6580 to 10.89, with trading volume of 0.61 billion USDT. In this evening time window, ETH is most likely to follow BTC’s momentum. If Bitcoin suddenly surges upward, ETH will most likely catch a move with it; conversely, if Bitcoin dives, it’s hard for ETH to stay independent.
If you plan to take action this evening, it’s recommended to watch the 9.6580 support level closely. If it holds, you can consider a small position to test; if it breaks, wait for the next support.
The worst-case scenario is getting emotionally carried away at night and rushing in without thinking it through.
The market is what it is—being anxious won’t help.
Outside the chart, let me talk about something I’ve thought about for a long time.
In a letter to yourself three years from now, there’s a lesson: If the you from three years from now looks back at today’s trades, what are you most likely to regret? Chances are it won’t be missing out on some coin—it’ll be a time when you didn’t control yourself and ended up with an overconcentrated position.
Take today’s $ETH as an example: now it’s 2,287, with a 24h +19.20%. This kind of market action just happens to confirm the lesson above. It’s not a coincidence—it’s human nature repeating itself in the market.
You’ve heard the lesson before; what’s hard is whether you can do it when the moment actually comes. Write it down—then look back and compare.