Recently, I have observed a phenomenon - more and more people are keen on making medium to long term holdings. To be honest, the risks of this approach are severely underestimated.

Why do you say that? Once the price breaks through the key support level you set, the losses are often of a large magnitude. Unless you happen to buy at the bottom or successfully sell at the top, if you misjudge the direction, holding the position is just burning money. What's worse is that in this situation, basically everyone loses, and the chance of turning things around is very slim.

Some people say that Bitcoin could rise to 150,000? I think the possibility is not small. But on the other hand, if it falls below a key level, rushing down to 140,000 or even lower is not without precedent. And then there's the theory of a four-year cycle; who can guarantee that the patterns will never change? When a deep bear market comes, the number of people who can withstand it is few and far between.

I also make long term layouts myself, but I have a strict rule - the stop-loss point must be set at key technical levels. To be honest, I prefer trend-based operations, capturing a wave of market movement repeatedly, resulting in more considerable profit potential. Some people judge based on daily resistance levels, thinking that after a breakout, the next target will directly surge by $15,000 - can you really withstand such volatility?

My habit is to break down the market into segments and act accordingly, never holding on until the end. When a level is broken, I decisively cut losses to preserve my capital for the next opportunity.