#美联储降息 That liquidation event pushed me into a debt swamp, with tens of thousands of yuan in debt weighing heavily on me. During that time, I would repeatedly weigh whether to buy a six-yuan noodle, staring at the screen in the middle of the night as a normal routine, and I would sip every last drop of a one-yuan packet of instant soup. The eggs sent from home, my mother always reminded me not to go hungry.

No one could imagine that after eight years of struggles in the crypto world, there would be over 30 million in assets lying in the account. This is not luck bestowed by fate, but the four iron laws earned through repeated blood sacrifices.

**Law 1: Recognize the manipulator’s tactics to avoid the pitfalls**

In the 2018 market, I chased the rally of a certain blockchain—after a continuous increase of over 40%, the price stagnated at a high level for four or five days. I thought this was a sign of accumulation, but suddenly, with increased volume, the price dropped sharply, falling 20%, and my principal was wiped out instantly.

Later, after reviewing countless cases, I understood the trick: when the price surges over 35% rapidly, then consolidates at a high level for 3 to 5 days, followed by a large-volume drop of over 15%, this is a clear signal that the big players are starting to withdraw. Learning to identify this pattern can save you countless times.

**Law 2: High-level oscillation is more dangerous than direct dump**

A more profound lesson came at the beginning of 2020. I held a mainstream coin that was consolidating at a relatively high level for a full three months. At first, I ignored it, but careful observation revealed that the trading volume was continuously shrinking, the turnover rate dropped below 1.5%, and the price was more than 25% above the 20-day moving average—this was a typical sign of false hype. I chose to ignore it at the time, but eventually watched the price fall to $8.

Now, when I encounter similar patterns, I directly short with a stop-loss, giving myself no chance for luck.

**Law 3: Confirm the bottom with volume**

My bottom-fishing experience in mid-2022 taught me a costly lesson. I looked at the chart and judged it had bottomed out, so I dove in headlong, but the trend continued downward. To understand this better, I spent a long time studying hundreds of historical bottom cases, and finally found that true bottoms have their signs: first, a significant shrinking of volume entering a consolidation phase, then mild volume increases with small bullish candles for three to five days.

In 2023, Bitcoin in the $28,000 range showed this classic pattern—I entered the market fully without hesitation. I exited in batches around $45,000, and this move earned me enough for a down payment on a new house.

**Law 4: Volume is the foundation, position management is the soul**

K-line charts are only surface-level; volume reflects the market’s true state. This is the first rule I keep reminding myself of. Meanwhile, I always adhere to the principle of half-position trading—no greed, no fear, leaving room for adjustments.

When a popular coin suddenly surged in 2024, I didn't get scared by the market and chase the high. I waited for it to break out of the consolidation with increased volume, hitting six times the previous volume, before entering. When the trendline was effectively broken, I immediately took profits. Although this move only earned me 10 times the profit, I successfully avoided the subsequent crash trap.

Eight years of exploration have taught me the biggest lesson: understanding market rhythm. The trends of mainstream coins like Bitcoin and Ethereum hide the same rules—if you are patient enough to observe and cautious enough to execute, the market will ultimately reward you as you deserve.