#假期持币指南 Today is the Qingming holiday (April 5th). The crypto market does not close, but A-shares, futures, and some fiat channels are restricted. Considering the current geopolitical situation (conflicts between the US, Iran, and Israel) and liquidity characteristics, a defensive approach is recommended for holding positions.

Holiday Market Characteristics

Increased Volatility: Institutions are exiting, market depth thins out, and large buy or sell orders can easily trigger “price spikes” or sudden surges, reducing the reliability of technical indicators.

Sentiment-Driven: Geopolitical events (such as conflict news) are more likely to trigger panic selling or safe-haven buying during the holiday. Due to the lack of counterparty activity, price reactions tend to be exaggerated.

Position Management Checklist

Leverage Reduction: Avoid high leverage during the holiday. In low liquidity conditions, even small fluctuations can trigger forced liquidations. It’s recommended to reduce leverage to below 2-3x or close contracts and hold only spot assets.

Set Wide Stop-Losses: Don’t set too tight stop-losses to prevent being “whipsawed” by sudden price moves. Consider a wide range of ±5%–8%, or use “conditional orders” instead of limit orders.

Reduce Altcoin Holdings: Small-cap coins have extremely poor liquidity during the holiday, and a large order can cause significant price impact. Focus on main cryptocurrencies like BTC and ETH, and avoid low-market-cap altcoins.

Prevent Gaps: Before the market opens next Monday (April 7th), monitor international news over the weekend. Gaps at open are possible, so avoid holding heavy positions overnight.

Trading Mindset Advice

Holidays are the “playground of whales.” The best strategy for retail traders is to do less. If you can’t monitor the market, set your stop-loss and take-profit levels in advance, then turn off the software and spend time with family. Making money is for life; don’t let the holiday turn into “monitoring and working overtime.”