#数字资产市场动态 Remember those toughest days. Owing tens of thousands in debt, life pushed to the limit: reluctant to eat eight-piece noodles, staring at the chart in the middle of the night, drinking every drop of two-yuan instant noodle soup. Mom sent preserved meat and sausages from hometown, repeatedly reminding me not to go hungry over the phone.

No one could have imagined that after eight years in the crypto world, my account would have twenty million.

How many pitfalls have I stepped on along this path to finally understand a few ways to survive.

**Understand the dance of the whales, and you won't get cut.**
In 2018, when chasing the "XX Chain" at a high, it rose 40% and then stagnated at a high level for four days. I thought it would surge further, but it suddenly dropped 20% on high volume, almost wiping out my principal. Only later did I realize this pattern: rapid increase over 35% → sideways consolidation for 3 to 5 days at high level → sudden drop of over 15% on high volume. This is a clear signal of the whales withdrawing.

**Sideways consolidation at high levels can be more deadly than a big drop.**
What did "XX Coin" experience in early 2020? It stayed at a high level for a full three months, with trading volume shrinking more and more, turnover rate staying below 1.5% for a long time, and the price deviating more than 25% from the 20-day moving average. I didn't realize it at the time, and in the end watched helplessly as it fell to $8. Now, when I see this pattern, I usually go short immediately.

**The bottom is not guessed; volume tells the story.**
In 2022's "6·18," I thought "XX Workshop" had bottomed out, but I was still caught. Later, after reviewing hundreds of cases, I summarized the pattern: true bottoms often go through a period of complete volume contraction, followed by three days of gentle small bullish candles with moderate volume. In 2023, Bitcoin formed this pattern at $28,000. I went all-in, exited at $45,000, and made enough for a down payment in Shanghai.

**Candlesticks are mirrors; volume is the blood.**
The underlying logic of trading is simple: always keep half a position, neither greed nor fear. When "XX Cat" surged in 2024, I waited for it to break out of the box with increased volume, six times the usual, then entered. As soon as the trendline broke, I took profits immediately. Although I only earned ten times, I avoided the subsequent crash—being alive is the real victory.

In this market, there's no such thing as "good luck," only those who see the rhythm of the game clearly. Every step the whales take can be traced; the key is whether you're willing to learn.