Every time the asset reaches a new high, there will be a big retracement. What on earth is the reason for this? I got the answer from a senior above.
The new high of the assets proves that you have seized a market trend that you understand, but the market will become disorderly after the trend, which is not something you are good at or understand. At this time, placing an order is a gamble, and the drawdown is a very normal thing.
So I also understand that the best result is to control myself and not to act on the market that I don't understand. Otherwise, the fruits of victory will be lost again.
With great efforts, relying on one's own strength to understand the market and achieve victory, if one does not control oneself, then one will fail due to one's human nature, one's patience, and one's greed.
The unordered k-line accounts for most of our trading time, which is the so-called garbage time. We need to control our hands during this time so that we can go further and further, and the assets continue to reach new highs!🎉
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
3 Likes
Reward
3
4
Repost
Share
Comment
0/400
Y_SysID
· 2025-03-01 10:40
Monitor for the next 24 hours to see if BTC can return to $86,500–$88,000 or if it will drop further.
Every time the asset reaches a new high, there will be a big retracement. What on earth is the reason for this? I got the answer from a senior above.
The new high of the assets proves that you have seized a market trend that you understand, but the market will become disorderly after the trend, which is not something you are good at or understand. At this time, placing an order is a gamble, and the drawdown is a very normal thing.
So I also understand that the best result is to control myself and not to act on the market that I don't understand. Otherwise, the fruits of victory will be lost again.
With great efforts, relying on one's own strength to understand the market and achieve victory, if one does not control oneself, then one will fail due to one's human nature, one's patience, and one's greed.
The unordered k-line accounts for most of our trading time, which is the so-called garbage time. We need to control our hands during this time so that we can go further and further, and the assets continue to reach new highs!🎉