Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
First, apologies for the extreme market conditions today. Most subscriptions have set stop-loss orders. Our long positions were also entered during the live late-night session. Sometimes, it's very difficult to predict the bottom. Especially recently, the trend has been extremely challenging! Many newcomers have been shaken out. I personally believe that the short-term bottom has not yet formed. We need to keep observing. Yesterday, I added to my Ethereum position around 2120 and Bitcoin around 73500, but I have already reduced my positions to protect the principal. Everyone, don't be overly ambitious. Remember, our initial capital was built from short-term trading. Starting today, we are returning to short-term strategies. No more bottom-fishing! Focus on heavy short-term trading!
In a bear market, liquidity is extremely poor. Three rules:
1. Be cautious or avoid trading MEME coins
Not trading may mean fewer gains, but it also helps preserve your principal.
If you want to play, set a total limit, for example, I plan to invest $10,000 over six months.
2. Buy the dip in stages
No bear market in crypto has rebounded in a straight V-shape; it's always a slow decline, and the bottom is confirmed only after several weeks of grinding.
3. Confirm the bull has returned before buying altcoins
Altcoins can fall by countless 90% drops; there's no such thing as a perfect bottom.