Interpretation of cryptocurrency market on Nov 4 2022

The market continued to fluctuate slightly the previous day. The view remains unchanged that there are indeed many opportunities for a short-term position in a market where the daily fluctuations remain around 2%-3% at the end of the bear market. But if you want to make a profit, without exception, take a profit in time after gaining a small profit. Even according to the idea of shock, sell short at a high price and buy long at a low price, with no setting of take-profit & stop-loss, Amortize the costs by adding positions after losses, and eventually, there will be profits. Because most of the time, the fluctuation is not violent; however, the longer the fluctuation time, the closer the sharp fluctuation will be. Once you fall into this mode, there is a high probability that a large loss will occur when the sharp fluctuation market starts, or you will take profit too early, and miss the good opportunities. Of course, it is understandable to allocate some short-term funds and maintain trading habits, but the primary and secondary relationship between the long-term and short-term profit expectations should be clear.

As mentioned before, if we can go back to the end of the bear market in 2018, everyone will know what they should do the most, and what is lacking now is just patience.