Someone asked me what I think about reading the market, and what came to mind was this line.
In *The Fundamentals of Contrarian Investing* (by Edgemount?), there’s a principle discussed: Edgemount said, “Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in euphoria.” Where do you think the market is in its current stage? The answer to that question determines your current position size.
Take today’s $ETH as an example: right now it’s 2,465, down -1.26% over the past 24 hours. This kind of market action perfectly confirms the idea above. It’s not a coincidence—it’s human nature repeating itself on the chart.
Between knowing and doing, there are several waves of liquidation. Let’s talk about it tomorrow.
ETH early trading is currently fluctuating around 11.75, down 5.83% in the past 24 hours.
Last night’s high/low were 12.69 / 11.58, and overall it’s been ranging within that band. The key focus for the early session is whether it can hold the 11.58 level—if it breaks, downside space opens up; if it holds, a short-term rebound could be in play.
Trading volume is 0.45 billion USDT, which isn’t that large, suggesting early-session capital is still watching from the sidelines with no clear directional choice. At this time, the biggest taboo is to act impulsively—observe first before making a move.
Quick check before the market opens. BTC is currently stuck at 77,921, down 0.82% over the past 24h, and overall it looks weak. ETH is around 2,451, down 1.53% over the past 24h as well, and it’s also weak.
The range BTC traded overnight was 77,770 to 79,760, and this area is pretty crucial. If the opening brings volume and holds above/around 79,760, short-term sentiment will improve a lot. Conversely, if the market opens and sells down below 77,770, then today is very likely to be a choppy, range-bound day.
As for ETH, I’m watching BTC’s face more closely. If the “big one” (BTC) doesn’t give a direction, it’s hard for Ethereum to move independently on its own. Trading volume is 749 million USDT—nothing particularly active—suggesting everyone is waiting for the opening signal.
Today, I won’t act right at the open. I’ll watch for the first half hour to confirm the direction, then decide. Wait for the signal—don’t follow your mood.
I copied this passage into my notebook and translate it again every so often.
In the section about style, there’s a principle: some people are suited for long-term trades, while others are suited for short-term ones. This has to do with personality—not ability. Finding a method that matches your personality is far more important than imitating a successful person.
Take today’s example of $ARB : currently it’s 0.152500, with a 24h change of -9.28%. This kind of market movement perfectly confirms the principle above. It’s not a coincidence; it’s human nature repeating itself on the charts.
This sounds simple, but to do it takes a lot of tuition. Wait for the signal, not your mood.
The recent high and low in this period are 0.002305 / 0.000806, with trading volume of 0.38 billion USDT.
0.000806 is the key support to watch right now. If it breaks below, there won’t be any clear buyer support underneath. Upward, 0.002305 is the resistance for this cycle. Unless it can stand above with volume, any rebound can only be viewed as a bounce.
Liquidity during this time window is relatively thin, so the price can be pushed around by small orders—nothing surprising about wick spikes and order-book walls. If you really want to take action, don’t chase the market price when placing limit orders, and don’t set your stop-loss too close.
The recent high/low in this period is 2,523 / 2,471, with trading volume of 675 million USDT.
2,471 is the key support to watch right now. If it breaks below, there won’t be any clear place for buyers to step in. Up above, 2,523 is the resistance level for this leg. Until it stands above with volume, any rebound should only be treated as a bounce.
Liquidity is rather thin in this time window, so price can easily be pushed around by small orders—wicks/spikes and “painting” moves aren’t unusual. If you really do act, don’t chase the market price with limit orders; and don’t set your stop-loss too tight.
Someone asked me what I think about reading charts, and the quote that came to mind was this.
In a passage about late-night reflection, it talks about a principle: In the past, I always thought I wasn’t smart enough to make money. Later I realized the opposite—it's because I’m too smart. I always try to find the optimal solution, and as a result I miss one simple opportunity after another.
Take today’s $NEAR as an example: it’s currently 2.5990, with a 24h gain of +8.88%. This kind of chart action perfectly confirms the idea above. It’s not a coincidence—it's human nature repeating itself in the market.
Looking back, the places where I stumbled are all written in this line. This time, I’ll just watch and not act.
The high and low during this period are 79,760 / 78,060, with trading volume of 1.073 billion USDT.
78,060 is the key support to watch right now. If it breaks below, there’s no obvious place for buyers to step in. On the upside, 79,760 is the resistance for this leg. Until it can break above with volume, any rebound can only be treated as a rebound.
Liquidity during this time is rather thin, so prices can be pushed around by small orders. It’s not unusual to see wick spikes or “painting the door” patterns. If you really decide to act, don’t chase the market price when placing limit orders, and don’t set your stop-loss too close.
The situation is what it is—there’s no point in rushing.
I read an old saying and suddenly it matched today’s market.
In Zhuangzi’s “The Usefulness of Uselessness,” there’s a lesson: Zhuangzi talks about the usefulness of being useless. An empty position looks like you’re doing nothing, but an empty position itself is a kind of position. When you don’t act, you’re building your judgment and your cash—both of which are most valuable when opportunities come.
Take today’s $ZEC as an example: now it’s at 1,264, with a 24h gain of +7.46%. This kind of chart just perfectly confirms the principle above. It’s not a coincidence—human nature repeats itself in the market.
Between knowing and doing, there are several rounds of liquidation. This time, just watch first. Don’t act.
Some truths are understood only after you’ve suffered losses.
In *Zen and the Art of Motorcycle Maintenance*, there’s a lesson: at a certain stage in trading, technical analysis becomes less important. What matters is whether you’re observing the market calmly and steadily—without letting noise distract you. Slow down and read through these seemingly useless books; it’s more useful than following a hundred KOLs shouting buy/sell signals.
Take today’s $ETH as an example: right now it’s 2,512, with a 24h change of +1.32%. This kind of chart action perfectly illustrates the idea above. It’s not a coincidence—it's human nature repeating itself in the market.
Looking back, the spots where I stumbled are all written in this sentence. When it’s time to wait, you have to wait.
I went over today’s market action before bed. Honestly, today moved with quite a lot of information.
For BTC, it traded between 78,271 and 79,760, and finally closed at 79,104, up 1.44% for the day. What’s most worth watching in this move isn’t the rise or fall itself, but whether trading volume has kept up. Today’s volume was 978 million USDT—honestly, that’s not very active, which suggests the market sentiment is still fairly cautious.
ETH is a bit stronger: up 1.66% for the day, closing at 2,501, with a range from 2,477 to 2,523. The linkage with the big coin is still very obvious; if BTC doesn’t move, it’s hard for ETH to run independently.
The strongest today was $NEAR , up 11.73% for the day, with volume of 95 million. Moves like this usually mean either funds positioned early, or the emotional tug-of-war has amplified the volatility.
The most critical signal today: whether BTC can expand volume at key levels will determine the next direction. Tomorrow, I’ll focus on whether BTC’s xxx level can hold.
Up 1.61% for the day, closing at 79,600, with a high/low of 79,760 / 77,620. Trading volume was 1.085 billion USDT—this volume today is definitely quite sincere.
The most important thing to remember today is that there are funds paying attention to BTC. If tomorrow it can hold above 79,600, there may be further room for the trend to continue. But if tomorrow’s open gets hit straight down, then today’s move was most likely just a short-term trade.
There’s a saying I’ve remembered for a long time, and today I thought of it again.
A principle is mentioned in the section about principal: Your principal is the ticket you keep on the gaming table. Many people treat principal like ammunition and burn through it carelessly, forgetting that without principal you don’t even have the资格 to observe the market. Life matters more than anything.
Let’s use today’s $BTC as an example: now it’s at 79,529, with 24h +1.51%. This kind of chart perfectly confirms the principle above. It’s not a coincidence—it’s the repetition of human nature reflected in the market.
Looking back, the places where you stumbled are all written in this sentence.
The recent high and low points in this period are 2.6100 / 2.2430, with trading volume of 0.85 billion USDT。
2.2430 is the key support to watch right now. If it breaks below, there won’t be any obvious spot buyers underneath. On the upside, 2.6100 is the resistance for this round. Unless it rises above that level with volume, any rebound should only be treated as a short-term bounce.
During this time window, liquidity is relatively thin, so the price can be pushed around by small orders—wicks and “painting” candles aren’t unusual. If you really decide to act, don’t chase the market price; place limit orders instead, and don’t set your stop-loss too close.
ETH is currently at 12.10 this evening, down 3.36% over 24h.
Today’s full-day range is 11.92 to 12.79, with trading volume of 0.39B USDT. In the evening at this time period, ETH is most likely to follow BTC’s rhythm. If Bitcoin suddenly surges, ETH will most likely move with it in a wave; if Bitcoin dumps, ETH will be hard to stay out of it.
If you want to take action in the evening, it’s recommended to watch the 11.92 support level. If price holds, you can consider trying with a small position; if it breaks, wait for the next support. The worst case is getting carried away emotionally at night—don’t rush in before you’ve thought it through.
The market is what it is; there’s no point in rushing.
There’s a sentence I’ve remembered for a long time, and today I thought of it again.
In the morning reading reflections, there’s a principle mentioned: This morning, I suddenly figured out something: the biggest enemy of trading isn’t the market—it’s the pressure you put on yourself. The more you think about doubling, the easier it is to end up crashing. Slow down a bit, and you actually go further.
Take today’s example: $NEAR . Right now it’s 2.5330, with a +9.42% change over 24h. This kind of chart perfectly confirms the principle above. It’s not a coincidence—it’s human nature repeating itself on the market.
We’ve all heard the principles; what’s hard is whether you can actually do it at that moment. Write it down, then look back and compare.
The market is about to close, and today $PROM really deserves a chat.
Up +3.59% all day, with trading volume of 210 million USDT—one of the most active coins on today’s board. The price was pushed up from 5.7010 all the way to 6.2620, and it has since pulled back to around 5.9410.
This kind of movement suggests that the capital hasn’t left yet, but short-term profit-takers are also starting to sell. The key focus tomorrow is whether it can continue to expand volume around 5.9410. If volume can’t keep up, chances are it will dip back a bit; if volume continues to surge, then the upside space opens up.
Did you catch this move today? Tomorrow, do you still like this coin?
Some truths are only understood after suffering a loss.
In the “Tao Te Ching,” there’s a principle: Laozi said, “The turning back is the motion of the Tao.” When something rises to its extreme, it’s the beginning of the decline; when it falls to the point where nobody is talking about it, that’s the seed of the next rise. This isn’t mysticism—it’s a common law shared by all cyclical markets.
Take today’s $ETH as an example: right now it’s 2,521, with a 24h change of +1.82%. This chart just happens to confirm the principle above. It isn’t coincidence—it’s human nature repeating itself in the market.
The market won’t show mercy just because you understand the principle. When you have to wait, you must wait.
In the afternoon, as the market moves to this point, ETH is around 1.4337, up 3.63% in the past 24 hours.
Intraday range: 1.3835 to 1.4507, with trading volume of 197 million USDT. Right now, neither the bulls nor the bears are making big moves; they’re both waiting for a signal.
If the afternoon sees a breakout with increased volume above 1.4507, it suggests the bulls still have ideas. Conversely, if it pulls back to 1.3835 and can’t hold, then this move may be nearing its end. For contract traders at this time, the biggest taboo is going all-in to bet on direction—one single line can take you out.
In the afternoon, will you stay in cash and watch, or take a short-term trade to have a go?
There’s nothing much to say today—let’s talk about something else.
In Nassim Nicholas Taleb’s book *Skin in the Game*, there’s a principle he discusses: Taleb says you should trust people who have “skin in the game.” In the crypto market, you should check whether the person giving trading calls has actually bought themselves—and how much they’ve bought. Advice from someone with no position is worth nothing. Take responsibility for your own money.
Take today’s $SOPH as an example. Right now it’s 0.005310, and in the last 24 hours it’s down -48.70%. This kind of market movement neatly confirms the principle above. It’s not a coincidence—it’s the repetition of human nature playing out on the chart.
The market won’t show mercy just because you understand the reasoning.