#BTC对标贵金属的竞争格局 In the winter of 2018, I was huddled in a six-square-meter basement in Shenzhen, without heating, relying on an electric blanket to get through. The balance in my bank card was 126 yuan, working during the day in a restaurant to save money, and at night I would stare at the Candlestick charts.

In the blink of an eye, eight years have passed, and the account balance has jumped to over 22 million.

This is not built on luck, but rather four hard-earned lessons summarized after being beaten down by the market countless times.

**1. Be cautious when you see a sudden surge**

During the bull market in 2018, a small cryptocurrency surged 320% in ten days, and I couldn't resist putting in 80,000. As a result, it directly plummeted 18% on the third day, and I lost 60,000 in a week. Later, I understood this pattern: after a rise of over 30%, if it consolidates for 3 to 5 days and then suddenly drops 15% on high volume, the market makers are unloading their positions. Once this pattern appears, my current approach is to immediately go to cash.

**2. A sideways market looks comfortable, but it's actually the biggest trap**

In 2019, I held several mainstream coins, watching them stagnate for two months, thinking about leveraging to lower my costs. As a result, they were directly halved. Later, I learned that if they stagnate for more than 20 days, have a turnover rate below 2%, and deviate from the 20-day moving average by more than 20%, it basically means that the whales are quietly exiting. Now, as soon as the system detects this pattern, I immediately start to reduce my position.

**3. The bottom is not about the price, it's about the volume**

During the crash in March 2020, I saw that $LINK was cheap and bought the dip, but I ended up being stuck badly. At that time, I didn't really understand what a true bottom looked like. Later, I figured it out: a true bottom looks like a consolidation with low volume, followed by three consecutive days of gentle volume increase with small bullish candles. Last year, $BTC showed this pattern around the 25000 mark, so I went all-in and sold when it reached 42000, making a profit of 5.8 million.

**4. Living longer is worth more than earning quickly**

I am currently only doing half-position trading and resolutely avoiding leverage. I entered the market last year when $PEPE's volume reached five times, and as soon as the trend broke, I immediately took profits. This strategy earned me 12 times, and I perfectly avoided the subsequent crash.

In the cryptocurrency world, it's never about who is smarter, but about who can last until the end. The market is constantly changing, but human nature has never changed. By sticking to your bottom line, you can go further.