This round of market conditions are indeed torturous. Bitcoin and Ethereum frequently surge and fall back, gap down and then rebound rapidly. Many traders are tossed back and forth, until their accounts are washed clean.

Prices suddenly spike, and you see an opportunity and jump in, only to face a pullback within a couple of candlesticks. Or you judge that the bottom is near and prepare to buy the dip, but the price keeps falling to new lows. This bizarre rhythm confuses people's thinking and leads to poor decision-making.

Why is the market so difficult to handle? On the surface, it's due to large fluctuations, but the deeper reason is the repeated washout and inducement mechanisms. The market deliberately breaks key support levels to trigger stop-losses, then quickly rebounds. This routine is tried and true, especially for traders with unstable mindsets.

You must understand one thing: in this environment, only those with stable psychology can make money. Those easily frightened, eager to cut losses, and anxious to chase rallies often fall into traps.

**First, talk about money management**

The first mistake many make is operating with full position. No matter how good the market looks or how confident your judgment, you shouldn't put all your funds in at once. The more volatile the market, the more you need to reserve ammunition. Traders who go all-in usually don't go far—they get washed out immediately, their mindset collapses, and after losses, they blame the market's tricks.

A wiser approach is to enter in batches. Start with small positions to test the waters, then gradually add as the market gives clear signals. The benefit of this is risk dispersion—if the first trade gets washed out, you still have opportunities to operate repeatedly. As the trend becomes clearer, your capital grows accordingly. When the trend is finally confirmed, you can increase your trading size.

**How to set stop-loss?**

Another common mistake is setting stop-losses too tight. Many traders are scared by short-term fluctuations and get stopped out. When the price reverses and moves upward, they are already out, only to watch the market move away.

Stop-loss levels should leave enough room for the price to breathe. Place stop-losses near key technical levels, not just a few points below the entry price. This way, you can defend effectively without being knocked out by short-term noise.

**The key is self-discipline**

The most testing aspect is self-control. The market constantly诱导 you to chase rallies and sell dips. When the price breaks resistance, you buy in follow-the-leader, only to get caught at a high. When the price breaks support, you rush to short, but then it rebounds and hits you back.

The correct approach is to wait until the price truly breaks or pulls back to support before entering. Let the technical signals speak, and don't be fooled by false market signals.

What is the most feared scenario? Making a small profit and being reluctant to exit, or suffering a big loss and hesitating to cut. You initially made some floating gains, thinking to wait and see if you can earn more, but the market reverses, turning floating profits into floating losses. After a deep loss, you finally cut your position in a panic.

**Current market situation**

At this stage, the market is full of uncertainty. Every rebound makes people think this wave can make money, every dip urges them to short. But this illusion is very misleading.

To achieve stable profits, the key is to return to basics: control your position size, keep your mind clear, and only act when the price truly signals. Don't let short-term fluctuations disrupt your rhythm.

In summary, three points: control your position size and avoid full exposure, leave enough space for stop-losses and don't set them too tight, discipline yourself not to chase rallies or sell dips. This is the foundation for survival in this market and the guarantee for long-term profitability. Don't fall for market tricks, and more importantly, don't be defeated by greed and fear.