Did the secondary market plummet? I woke up at 6 a.m. to find the secondary market plummeting. Dogecoin, among the mainstream coins, plummeted the most, and Ethereum's gas price reached 200 RMB. So why did it plummet? In reality, in the eyes of traders, there's no reason, and they don't analyze any of it. All they need to do is open trades according to their plans or conditions. I opened a short position on BNB last night, and I saw it was already profitable this morning. If you ask why, it's because the system signaled a short when the moving averages crossed. There's no reason. Having traded commodity futures for about 13 years, I'm already familiar with these sudden ups and downs. Think of Double 11 in 2016, the surge in PTA ten years ago, the surge in lithium carbonate this year, and the plunge in thermal coal in 2015—these scenarios are all too familiar. I used to look for the reason, but now, regardless of the reason, it's just a fluctuation in the candlestick chart. The key to trading is executing your system. This morning, I opened another short position on BNB on the 5-minute timeframe. I knew I might lose money this time, but I still executed it because the system indicated a short position. Many people believed a rebound was coming. I added to my spot Dogecoin position, but I still opened a short position on BNB in the futures market because the system was telling me to. The primary market hasn't changed much. I bought some more MAR-VIN this morning because I knew it was going to pull back. Most people tend to chase the market up and sell the market down. So I don't like chasing the market down. MAR-VIN currently has a market cap of 10 million RMB. With a little price manipulation, it could quickly reach 60 million RMB or even 1 RMB. So there's no need to hold back. I'm still bullish on Marvin#cryptomarket correction.
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