#数字货币市场洞察 In the winter of 2017, I was curled up in a six-square-meter basement in Beijing, barely resisting the cold with an electric blanket. There was only 126 yuan left in my bank account. During the day, I waited tables at a restaurant to earn a bit for living expenses, and at night I stared at candlestick charts.

Eight years have passed. Now I’m in Lujiazui, and my account balance sits at over 22 million.

From the basement to where I am now, every step was full of pitfalls. Luck? No. What really saved me were these four hard-learned lessons.

**Lesson One: Sudden Surges Always Hide Sell Signals**

During the 2017 bull market, a certain altcoin surged 320% in ten days. I didn’t think twice and went all-in with 80,000.

On the third day, it started to plunge. Within a week, I lost 60,000. That’s when it hit me: this wasn’t an opportunity—it was a trap.

Later, I figured out the pattern—if a coin rises over 30%, then goes sideways for 3 to 5 days and suddenly drops 15% on high volume, that’s the whales exiting. I’ve seen this pattern countless times; every time, it’s a bearish signal.

**Lesson Two: Sideways Trading at Highs is the Most Subtle Trap**

In 2019, I held mainstream coins and did nothing while they moved sideways for two months. Naively, I even leveraged up to buy the dip. The result: my holdings got cut in half.

I later concluded: if sideways trading lasts more than 20 days, turnover drops below 2%, and the price deviates from the 20-day moving average by more than 20%, it’s definitely a distribution phase. Now, whenever my system flags this pattern, I immediately reduce my position—never giving myself a chance to get stuck.

**Lesson Three: When Bottom-Fishing, Watch Volume, Not Price**

During the 3/12 crash in 2020, $LINK tanked and I rushed in to bottom-fish. I still got stuck.

What was the problem? I didn’t read the true volume signals. A real bottom looks like this: low-volume consolidation plus three consecutive days of moderate volume and small bullish candles.

Last year, $BTC showed this pattern at 25,000—I went all-in and held until selling at 42,000, making 5.8 million on that single trade. That’s the power of technicals.

**Lesson Four: Surviving Longer Is More Valuable Than Winning Fast**

The rule for surviving in crypto is simple: whoever survives the longest, laughs last.

My principle is to always operate with only half my capital and never use leverage. Last year, I only entered $PEPE after it had surged fivefold on volume, and took profits as soon as the trend broke. Made 12x and avoided the subsequent crash.

This market doesn’t reward the smartest. Those who survive cycle after cycle are the real winners. Markets change in a flash, but human nature never does. Hold your position bottom line, protect your psychological bottom line, and you’ll go further than most.