If you don't understand the cycle of cryptocurrency trading, it will be in vain in the end. The cryptocurrency market is a highly cyclical market, which can be divided into five cycles and two main stages: three cycles belong to the bear market and two cycles are the bull market. These five cycles are constantly alternating, forming the overall trend of the market.
These five cycles are: falling cycle, bottoming cycle, washing cycle, pull-up cycle and delivery cycle.
From the recent market, we are in the bottoming stage in 2023, and it is expected to enter the washing cycle in 2024, the pull-up cycle in early 2025, and the market may enter the delivery stage by the end of 2025.
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There is no threshold to enter the community. We must recognize the situation and ourselves. Please build a complete plan for yourself. When to buy? When to sell? What target to buy and what is the strategy? How to do risk control, circle communication is always better than fighting alone.