In the crypto world, losing money is an art. There is always a variety of ways to lose money that might suit you.

In this current market, I strongly advise against going long. Seeing several friends around me get liquidated while long makes me very distressed.

Looking at the monthly chart, breaking below 70,000 is as fragile as paper. The 50,000-70,000 range will become the daily norm for a period of time. You can trade in swings.

Currently, the outlook is definitely bearish, at least for now, it's better to wait and see.

Right now, a battle among the gods is happening. The compliant institutions represented by Wall Street and the vested interests of the wild-growing Chinese traders are fighting each other. Who dares to push the market up?

Looking at the trading volume, this entire cycle hasn't picked up, and it's nowhere near the previous cycle. Logically, it should be higher than the last cycle.

The question is, when will retail investors have a chance?

Just wait for the gods to finish fighting. Regardless of who wins, they will push the market up.

Will it be Binance's whale causing everything to flourish, or will Wall Street retreat? Let's wait and see.

The final advice is:

Don't do futures trading, don't bet on rebounds. Hold spot positions at 70,000, and consider large-scale bottom-fishing at 50,000, or trade in swings up and down.

Trade mainly on the right side, wait for the wind to come.