#美联储联邦公开市场委员会决议 $ETH That margin call, I owed tens of thousands of dollars. Life was very tight: I couldn't bear to eat the eight-块 noodles, staying up at midnight watching the market, surviving on 2块 instant noodles, drinking the broth clean. Mom sent cured meat and sausages from my hometown, but on the phone she kept worrying—"Don't go hungry alone out there, who would have thought it would turn out like this?"

In eight years in the crypto world, my account finally reached twenty million. Those detours and blood, sweat, and tears have resulted in four ironclad rules.

**Rule 1: The market maker only has one pattern; learn it and don't get caught**

In 2018, I chased a concept coin. After a sudden 40% surge and four days of sideways movement at a high level, I thought it would continue upward. Unexpectedly, it suddenly plunged 20% on high volume, and my principal was gone. Later I understood this is the standard exit model for market makers: rapid increase over 35% → sideways at high level for 3 to 5 days → drop over 15% on high volume. Once you see this pattern, you must run—there's no point in waiting.

**Rule 2: Sideways movement at high levels is more dangerous than a big drop**

In early 2020, I held a coin at a high level for three months. Trading volume kept decreasing, turnover rate fell below 1.5%, and the price was still more than 25% above the 20-day moving average. I didn't take it seriously, and eventually it fell to $8. Now, whenever I encounter this situation, I just short and walk away. Sideways movement isn't stability; it's distribution.

**Rule 3: Bottoms are spoken with volume, not stories**

In June 2022, I thought I had bottomed out, but prices continued to fall. After analyzing hundreds of bottom cases, I finally understood: the real bottom looks like this—first volume shrinks, then consolidation, followed by three consecutive days of gentle increasing volume with small bullish candles. When Bitcoin hit $28,000 in 2023, this pattern appeared. I went all-in, and when it reached $45,000, I firmly took profits—enough for my first house in Hangzhou.

**Rule 4: Volume is the skeleton, position management is the soul**

Candlesticks are just superficial; volume reflects true intent. I never go all-in, always half-in—no greed, no fear. When a star coin skyrocketed in 2024, I waited until it broke out with real volume, six times the trading volume, then entered. As soon as the trend line was broken, I took profits. Although I only made 10 times, I avoided the subsequent big crash.

There are no shortcuts in crypto. Only those who endure the pressure of margin calls, who learn from every lesson, are qualified to slowly come ashore. $BTC, $ETH—these mainstream coins taught me what the market really is. Compared to last year, I now see macro factors like Federal Reserve policies and economic data more clearly. Take it slow; it's better than rushing in.