In the last 3 days, the big pancake has fallen from 102724, dropping for 3 consecutive days, reaching a low of 91800. Altcoins are in a bloodbath, and the Meme sector is also filled with wailing. Most tokens have retraced by about 30%. What you need to do now is to maintain your mindset, don't panic, and treat each retracement as an opportunity.
Some people say that this major retracement could be the beginning of a bear market. From the current data, it is highly likely that we have not yet entered a bear market. It's just that before the domestic Spring Festival, there is generally a wave of decline, as people need to take some money home for the New Year. After all, the sentimental attachment to our hometown is very strong among Chinese people.
So where can we see the data? Previously, I shared the 9 God Index, Jiang Zhuoer's growth rate, the Fear Index, etc. These are all general indicators for judgment. This time I found a website that judges based on 30 dimensional indicators, which is very clear. Currently, from these 30 dimensions, none have reached the standard for a bear market. Of course, this is just a data judgment; you should still combine it with your actual situation. Data is just data; your money is still under your control.
30 dimensional indicators link: https://www.coinglass.com/zh/bull-market-peak-signals
