Curled up in the blanket, I just raised the air conditioning temperature to 30 degrees.

A few days ago, to save electricity, I set the temperature to 26 degrees, and ended up catching a cold, spending over 200 on medicine and registration.

Just now, Brother Niu laughed at me on WeChat: 'This is typical leek thinking. To save a few bucks on electricity, you ended up spending hundreds on medical expenses.'

As soon as I heard it, I was stunned.

Isn't this the current $ETH trader?

In order to save a few dozen points on stop loss, I ended up risking my life (capital).

Recently I've been trying a ketogenic diet, I lost 9 pounds in a month, but the process was extremely painful: dizziness, palpitations, dehydration.

I took a glance at the 4H chart of ETH: from 3200 down to 2200. What kind of adjustment is this? This is a 'violent loss' on the market.

Many newbies are asking in the square: 'Uncle Kong, with such a big drop, is it time to bottom fish for a rebound?'

I said: 'The current consolidation (around 2400) is the market experiencing 'ketoacidosis'.

The logic is simple: Previously, the market relied on liquidity and emotion support (glucose), but now the sugar is cut off, and the market is painfully adapting to stock game (fat energy). This discomfort will last for a while. Don't expect a patient just out of ICU to run a marathon after removing the oxygen tube.

In the afternoon, my junior brother came to me with a sad face. He was stuck in an ETH long position at 2800 and asked if he should cut losses.

I told him the story about 'saving electricity bills':

Air conditioning: Your current position is just that few dollars of electricity bill.

Medical expenses: If you are unwilling to cut this little loss, and wait until it breaks 2200, then it will be several hundred dollars of 'medical expenses'—liquidation.

Admitting mistakes is not shameful; in the financial market, stubbornness only moves yourself, not the market makers.