1. Pullback: The 'cleaner' of the bull market and the entry opportunity.
After the bull market begins, the waves of rising prices surge and will not easily stop. The significant pullbacks seen earlier may seem fierce, but in fact, they are the market clearing long positions to lay a foundation for more stable climbs later. At this time, investors need not panic excessively but should maintain a calm mindset. Price fluctuations are frequent in a bull market, often with 'spike' phenomena.
If the position is not full, one can patiently wait for Bitcoin to drop more than 20%, decisively filling the position with value coins. Do not recklessly go all in at high levels, as encountering a price pullback could easily break psychological defenses.
2. Position management: Diversified layout to avoid missing out and being trapped.
Reasonable position management is the key to investment success. Investors should focus on several key sectors for layout, avoiding putting all funds into a single sector. If one bets everything on a single sector, and that sector stagnates in the short term while others are soaring, investors can easily fall into a vicious cycle of chasing highs and cutting losses.
Either firmly hold out and not enter at first, or once in, firmly hold, because in a bull market, almost every cryptocurrency has the opportunity for five-fold or even ten-fold increases; one just needs to patiently wait for the rotation rise of their held cryptocurrencies.
3. Market sentiment: Opportunities are hidden in divergence, while risks lurk in consensus.
The rise and fall of the market are closely linked to public sentiment. When the market is full of divergence and a certain cryptocurrency is criticized by the public, it often hides significant investment opportunities; conversely, when the market unanimously favors a certain cryptocurrency, it may signal a concentration of risk. Investors should not blindly follow the trend but should have their own independent judgment and thinking.
4. Investment strategy: Abandon short-term speculation, adhere to long-term value.
Do not be obsessed with short-term high-selling and low-buying operations. Frequent short-term trading seems smart but is difficult to outperform long-term holders. Once one exits midway, it is often hard to re-enter due to a rapid price increase. In a bull market, one should establish a long-term investment philosophy. As long as the held cryptocurrency has certain value and is not a completely worthless 'junk coin', holding the position can yield returns of twenty to thirty times after a bull market.
At the same time, one should correctly view pullbacks in a bull market. Generally, a bull market may only come to an end after experiencing three to four major pullbacks. Investors need to possess a long-term perspective to reap substantial returns in the waves of the crypto bull market.