Don't rely on luck, only pay attention to market data.

Six years ago, I was huddled in a rented small room, the phone screen illuminating my entire face, with a total of 40,000 yuan pieced together from various sources in my account. Now I can say frankly: the crypto market will not owe anything to those who take it seriously, but it will certainly not spare those who seek shortcuts.

Among those who entered the market at the same time as me, nine out of ten have disappeared. It’s not an IQ issue, but rather that everyone wants to find shortcuts. I have survived in this market thanks to a few "down-to-earth" principles, and I'm doing quite well.

**Watch the capital flow, don't get confused by the news**

Newbies like to chase trends. I heard that a certain project had good news, and the coin price surged 20% in an instant, so I panicked and jumped in with my entire investment. Later, I realized that those good news were just bait released by the market makers.

Now when looking at the market data, I first focus on the trading volume. Volume is the rhythm of real funds; a significant increase in volume is like a large army marching, with a powerful sound of footsteps; a rise with low volume is like a few people tiptoeing, which feels very insincere. Any price increase without volume is all a scam. News can be fabricated, but the flow of money tells the truth.

**Flash crash is not picking up bargains, it's digging a pit**

How many times have I watched the coin price suddenly plummet by 30%, 40%, and I silently thought to myself, "Such a deep pit, the rebound is just around the corner." Then I stepped right in, and the result was that the coin price continued to drop by 50%.

Later, I realized: a flash crash is not an opportunity at all. It is a trap set by the main forces, waiting for people like us to step in and take over. A real bottom rebound is a slow rise accompanied by stable volume support, rather than a sudden extreme plunge.