#比特币流动性 I've been trading cryptocurrencies full-time for 34 days. The first thing I check every morning when the market opens is my holdings—profits have already retraced by half. That needle-like candlestick yesterday was actually the bottom.

After repeatedly analyzing the market trend, I finally understand a principle: big drops like $BTC are never straight down. There are frequent rebounds along the way, and these are good opportunities to short high. But here’s the problem—large-cap players may lose more in a single trade, but their large capital base allows them to withstand losses; small-cap traders have to wait through a full rebound cycle, which takes too much time and costs too much in fees, and the gains may not justify the transaction costs. Conversely, big funds also suffer huge losses when they go wrong.

The left brain calculates probabilities, the right brain calculates timing, and they are constantly competing. Bitcoin’s liquidity determines the market rhythm, and the rhythm in turn influences the profit logic for different-sized funds. Should I stick to a long-term perspective or trade in and out quickly?