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#数字资产市场动态 Starting from 1,000 USD to 900,000 USD, over three years I have witnessed many scenes in the crypto world. To be honest, I didn't catch any myth-level surges in the market; I simply relied on repeated market observation and trading discipline to build up my account.
Here are some of the most painful insights from trading, broken down one by one today:
**On the Logic of Wash Trading** Sudden price spikes followed by slow pullbacks? Don't be scared and sell off. This kind of "rapid rise and slow fall" pattern is often a sign that the big players are accumulating. The real top signal is usually a sharp increase in volume followed by a big bearish candle, which is the moment to be cautious.
**On the Trap of Inducing Shorts** Weak rebounds after a sharp decline, seeming like a bottoming? Most of the time, this is the last move. Don't be fooled by the psychological hint of "it’s fallen so much, it must go up." This is often the final stage of the main players offloading their holdings.
**On the Secrets of Trading Volume** In the late stage of an uptrend, the most dangerous thing isn't high volume, but no volume at all. If the price is still rising but trading volume is shrinking, that’s a warning sign. Conversely, volume spikes during the late stage, indicating ongoing game-playing, suggest there’s still hope. As for the bottom? It requires sustained, gentle inflows of volume. A single large bullish candle often traps traders expecting a reversal; true bottom confirmation needs continuous, steady capital inflow.
**On Market Psychology** Candlestick charts are just the display of results; trading volume truly reflects the intentions of capital. Those who understand volume can read the market’s emotional temperature.
**On Trading Rhythm** True experts mostly stay in cash most of the time. It’s not that they lack funds or opportunities, but they are waiting for the right moment to act. Be decisive when it’s time, and patient when it’s time to wait. This calmness is more scarce than any analytical method.