#BTC资金流动性 Those traders who promptly executed a stop loss after ETH fell below 2945 should be grateful they made the right decision.

Many people make the same mistake: they focus only on macro news, such as negative news like Japan's interest rate hike, and base their short positions on that. But the problem is that all macro signals have a lag— you can never accurately predict when they will actually reflect on the market. Real trading experts rely not on "believing the news", but on their sensitivity to real-time market signals like candlesticks, trading volume, and support levels.

It seems like there is a "belief" in stubbornly holding onto a wrong direction, but in reality, it is betting the principal on emotions, which is the most dangerous thing in trading. Once the direction is wrong, instead of fantasizing about a rebound, it is better to decisively admit defeat—leaving the market alive is always much better than dying in a single trade.

Loss itself is not scary; what is scary is not leaving after a loss, stubbornly holding on from a floating loss to a liquidation. Acknowledge when the trend changes and leave when the structure deteriorates; this is not weakness but a survival instinct. Ethereum, Bitcoin, and the market for any cryptocurrency will always be here, but your capital may not be—once it's gone, no matter how many trading opportunities there are, they are irrelevant to you. In the crypto market, surviving is always worth more than winning a single trade.