The recent market trend basically aligns with expectations, but issues in trade execution are worth reviewing. A few days ago, I participated in a hot airdrop contest, inviting more than 20 friends to register, but ultimately only 4 people, including myself, succeeded in reserving. Reflecting on this, I realize that many people are not lacking relevant experience, but rather did not pay enough attention. Additionally, after the first wave of failures, they did not promptly analyze the lessons learned, which made the second wave even more passive.

After completing this, I was browsing market data before bed and found that I had already missed the best entry points for the assets I was previously watching. My BNB position was also stopped out due to poor entry points. Last night, after re-evaluating the market, I decided to chase the trend directly.

A couple of days ago, I noticed that some market participants had started positioning for LDO long and OP long. I also considered following, but based on my technical analysis system, these positions did not meet my trading standards, so I ultimately did not follow. But looking back now, both of these assets have seen considerable gains. This touches on the fundamental issue of trading learning: learning is imitation, but practice is thinking and summarizing. Mechanically copying others' operations is never as good as establishing your own analysis framework.

The key question is why I was bullish on the long side at that time. Around 5:40 AM on January 11th, I checked the contract position data. By the morning of the 12th, the contract holdings continued to increase, but the liquidation scale did not significantly rise, and prices remained relatively stable. This phenomenon further validated my logical hypothesis. OP had good entry opportunities from noon to afternoon on the 13th, and the levels before 11:00 for LDO were also relatively ideal.

From a technical perspective, currently major cryptocurrencies are all in a death cross on the 4-hour chart. The upward potential for BTC and ETH may not last much longer. How high they can go depends on market sentiment and momentum release. They have already broken through previous consolidation zones, but the future trend still needs to be observed. No one can predict the market with 100% certainty; we can only trade the events with the highest probability. Bullish profits depend on bears' orders, and bearish profits depend on bulls' support.