The cryptocurrency market over the past six months can be described as a tale of two extremes. In the first half of the year, the entire market was in a dormant phase, with Bitcoin and mainstream coins performing modestly, dominated by sideways fluctuations, and capital activity was relatively inactive. The real turning point occurred in the second half — changes in macro environmental trends, improved policy expectations, and renewed capital inflows led to a rather fierce upward wave. The characteristics of these two phases are quite different, and they have a significant impact on trading strategies.

My core trading approach is summarized in one word: follow. Follow the trend and avoid forcing trades. During the sideways consolidation in the first half, I mainly controlled my positions and only increased my holdings once signals became clear. Once a major trend is established, I follow the rhythm of mainstream coins — Bitcoin and Ethereum serve as the barometers, and other coins generally follow. I also pay attention to changes in capital flow, such as large inflows into exchanges or movements in the holdings of top wallets, which serve as references. For risk control, stop-loss when necessary — don’t hold onto false hopes.

What is the essence of the crypto market? Simply put, it’s a place of high volatility, high leverage, and information asymmetry. The information gap between retail investors and institutions is obvious, and market sentiment can be easily amplified. Good news can trigger a surge to daily limits, while negative comments can cause panic selling. Therefore, this market tests psychological resilience, risk awareness, and execution — being able to hold onto profits and calmly view setbacks. Additionally, the industry is still in its early stages, with policies and regulations evolving, and this uncertainty also brings both opportunities and risks to the crypto space.