GateUser-e2e2ed0f

The crypto world is all about high leverage, so you need short-term thinking. Don't hold on to trades for too long; take profits and cut losses. This tests human nature—both declines and rallies happen in an instant, similar to guerrilla tactics. Don't get caught up emotionally. Sometimes, we lose a little and become eager to make it back quickly. This mindset is very dangerous and should be avoided.

Currently, the market feels like there's not much change, and it's hard to see any clear signals. The safest approach is to open a small position and observe. Although this market is similar to sideways trading, it can still suddenly rise or fall. Often, there are hidden currents beneath the surface, so it's best to keep observing.

It's hard to judge how the market will move next. I don't know if it will go up or down; anyway, it's still fluctuating up and down for now. After a rise or a drop, there will usually be a period of sideways movement. There aren't many factors that can really impact the crypto space, and altcoins generally follow Bitcoin's movements. So for now, it's better to stay on the sidelines and not open positions recklessly. Generally speaking, the crypto market tends to be more bullish, so during sideways movement, it's better to open fewer long positions.

There have been too many positive news events recently, which has led to the current small surge. However, it’s uncertain whether the next market move will be good or bad. Generally speaking, when all the good news is out, it becomes a bearish signal. But after a small drop last night, the market bounced back. Whether it will go up or down next is still uncertain. Usually, this is when a decline starts, so for now, it's best to stay on the sidelines and observe.

Next, should we go short or go long? I think there is a lot of room for a pump, but the risk of a pullback is significant. Right now, the main focus is on the market data, but with the National Day holiday approaching, there will definitely be a wave of market activity. Therefore, there is a lot of room for operation, and the market is focused on the Fed data. Thus, the current market situation is unrelated to the number of people doing shorting or going long.