How to judge whether a bull market has reached its peak???
I personally think it is very important: Bitcoin will reach its top faster than the market. Two: eth will lead other coins to reach their peak in a delayed manner. If BTC reaches the top, then ETH will lead the innovative currency to reach the top in about a month. History does not repeat details, but the process repeats itself. Bitcoin is still the vanguard of the bull market and will still be the first large-cap currency to peak before the market. In the process of Bitcoin chasing the top, most currencies in the market only rose slightly. Even if there are some individual surges, they are just individual ones. It will not be until BTC reaches the top that eth will lead other coins to dance in chaos/chickens and dogs ascending to heaven. Summary: After Bitcoin peaks, the market will not collapse immediately. "The market will continue to maintain a short-term craze for 15 to 25 days." Eth will serve as the second leader in this bull market, just waiting for Bitcoin to reach its peak if it can't rise. Taking over the second wave, starting the second wave of craze, huge amounts of money are pouring into eth and innovation coins. The pace is accelerating, quick decisions are made, and short-term highs are constantly set. Innovation Coin doubled in a single week and tripled monthly. But there is only less than a month to party, or even just 20 days. "When eth cannot rise, the market will completely collapse." If you are still alive in this market at that time, congratulations! Immediately is not as good as late autumn, when ducks are fat and fish are fresh, it is a good season for harvesting. We must stick to the last shift. Next, you need to cheer up, keep an eye on it at all times, and start preparing to reduce your positions in batches. Don't imagine that you can sell at the top of the market. Your biggest enemy is not your opponent's market, but your own inner fear and greed. In the final market trend, it may rise to 10 times, but if you are out of 7 times, you will feel that you have lost 3 times, and you will rush in greedily to make money back. Buying the bottom to escape the top, accurately riding the wave, these are all tempting death traps, which can lead to shortfall at worst, or bankruptcy at worst. This wave of market conditions will equal your year's gain. Hold on tight when things get bumpy. When things go crazy, let go decisively and keep a close eye. Important note: This article explains how to judge the peak of the bull market and does not focus on the current market.