The rise of a bull market follows a specific rhythm and pattern, and its process exhibits characteristics of phases. The brief pullbacks that occur during this process are, in fact, an indispensable part of the market's operating mechanism and are a normalized phenomenon.
These pullbacks are like an athlete's short pauses and breath adjustments during a long-distance run, aimed at accumulating stronger energy for the subsequent sprint phase.
When pullbacks occur, the market resembles a precise balance scale, recalibrating the strength comparison between bulls and bears, digesting the profits accumulated from the previous rapid rise, as well as some market concerns.
Once this self-adjustment process is completed, the market is like a wound-up engine, ready to charge toward higher price levels with a more robust power foundation, breaking through previous price bottlenecks and creating brilliant new highs, continuing to write that magnificent chapter.
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