The current crypto market has indeed become more challenging, with those chasing gains and selling on dips getting cut the worst, while those who understand the flow of chips are quietly building positions. Where is the problem? Many people simply haven't figured out the logic behind this narrow-range turnover of 800,000 BTC.

To put it plainly, the essence of this turnover is cost restructuring. Previously, holders trapped at high levels are gradually surrendering their chips to low-level buyers, causing the market's average cost range to slide from around $100,000 down to $87,000–$88,000. This sounds simple, but it means that the selling pressure previously pressing down on the market has basically been released. The market is standing at a crossroads, preparing to choose a direction. Note that this does not mean an immediate rise; it still requires external forces to push it—namely, the emergence of new market narratives.

In this phase of the market, there are three key points to strictly adhere to: First, control your position size between 30% and 50%. Full positions during a decline leave you unable to react, while no positions risk missing out. A medium position balances risk and reward. Second, set your stop-loss and take-profit levels in advance. Support is around $87,000, and resistance levels should be clearly marked above. Third, when unexpected news comes, avoid following the trend blindly. Using small funds to test the waters is much smarter than blindly increasing your position.

These are all lessons learned from years of trading experience—use what you can, and avoid repeating the same mistakes.