Why is it harder to make money in a bull market without a strategy than in a bear market?

If you don’t want to lose money in crypto, take a screenshot of this post or quote it and share it with everyone… you’ll need it one day!

Bull markets are everywhere, and people are talking about their potential wealth effect.

However, simply holding cryptocurrencies without a clear strategy may backfire. While cryptocurrencies do have huge profit potential, a deep understanding of market cycles is the key to success.

The market always cycles between bear and bull markets. We have seen Bitcoin break through the $70,000 mark, WIF hit $5, and SOL even reach $260. But equally, the value of these coins can be halved in an instant, falling by as much as 50%.

Holding cryptocurrencies for a long time without a purpose may cause you to miss out on easy profits. Traders who master the art of selling always have a good way to navigate the market.

Some people have seen their meme coins soar from $10 to $5,000, but they can only watch them return to the starting point due to lack of strategy.

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