📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
In the past, during the highlights, when I achieved a hundred times the actual performance and had outstanding results, many fans including the official management hoped that I would livestream. Fans also wanted to fight alongside me and share their views on the market in real-time, rather than just focusing solely on my own actual trades.
There were always many reasons back then, one might be laziness, and another might be the issue of camera anxiety. Each time I made excuses, and after a few years, I still haven't discussed the market with my brothers in the live broadcast room, not even for a casual chat.
This time is different. In this cryptocurrency circle, the thousands of fans who follow me are basically old friends from before. We have experienced countless black swan events together. Most fans have also experienced Bitcoin reaching over ten thousand per coin, and Luna crashing by -99% overnight. We have come this far, and probably only a few remain in the cryptocurrency space today. I feel it is very necessary to build a live streaming room for you. Brothers, what positions have you held, what coins have you traded? Even though I have said in real trading that I only operate with one type of coin and do not deal with any others, after all, I have been in this for ten years and have played with hundreds of coins. I can give suggestions, and if there’s a way to help you out, I will try to find a solution.
Currently, the venue for the live stream has been mostly settled, we might just be missing a network cable, which won't delay things by much.
Let's talk about the market first. Bitcoin has been continuously hitting new highs, which is basically driven by institutional capital pushing the price. At this price level, whether retail investors hold or enter the market with little volume, it may still pull back up. The risk of chasing highs is definitely very large, and no one wants to become a high-priced buyer. So we are all thinking about a question: the chips that institutions profit from will eventually need to be settled. Should they slowly push the price higher to allow retail investors to enter the market due to emotions for better exchange of profit chips, or should they raise the price and then have a significant pullback, making it better to unload at 105,000? What price is better for harvesting in the end?
So I think we need to be conservative when making trades in this position. When shorting, you must leave room for the market to break through further. This kind of rise, if there is a pullback, will definitely lead to a significant market move. You don't even need to use high leverage to achieve a big profit in the end. On the other hand, going long is more aggressive. Wall Street and institutional investors always need to settle their profits, and with even a couple of minor negative news items, a deep pullback or sell-off can occur. It's hard to imagine how low it could drop to find support.
When trading, everyone needs to take the principal and risk control as a premise. During pullbacks, keep the positions further away to earn more. Don't try to be clever; if you flip to a long position to catch a small wave in the middle, you might get stuck.
In the current market, a slightly significant piece of news can cause fluctuations of not just a few thousand dollars, but over ten thousand dollars.
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