Is it really a bull market now?
Currently, I believe the overall market is approaching a phase bottom, especially with the widespread collapse of many altcoins, many cryptocurrencies have halved, and retail investor sentiment is generally in panic.
In my view, this round of decline is caused by human factors, aimed at suppressing the spot market. Notably, a day before Powell's speech, the market already showed a downward trend, with daily top divergence, weekly TD13 signals, and the entry of large short positions (which have all been closed now) making me feel that all of this is not a coincidence.
I hope everyone can control their emotions right now, rather than asking bloggers about the trend of a certain coin everywhere. Don't easily waver your judgment just because someone casually says they are not optimistic about what you hold; this will only increase unnecessary anxiety. If you are trading spot without faith (in a coin you believe in), then you really are not suitable to continue participating in this market; you will eventually sell at a loss.
If you are a contract trader and believe the bull market is not over, then you should remain patient now and not rush to enter the market. The market may continue to rise, and if you are shorting just for the sake of a small profit, that is irrational. Even if you happen to make a little profit, it is just luck; you may still get stuck in the future because you haven't fully considered the risks.
If you believe the bull market has arrived, then I can only wish you good luck. After all, in a bull market, the typical rotation of funds is: Bitcoin > Ethereum > altcoins. Currently, funds are flowing into Ethereum; you can check the inflow of Ethereum funds on Coinbase.
(The bears may have a different opinion, but I hope you will allow me to express my view.) For contract traders, I want to emphasize: always set a stop loss when entering the market, and never blindly hold onto losing positions. Every day, many people can be seen holding onto losing positions and asking everywhere if they can break even. Our goal is to earn stable returns through reasonable risk control, not to blindly hold onto large positions and then be unable to take profits when the market reverses. (A common problem for most people: they can hold onto losses, but when making money, they can't hold on.)
