As BTC broke the previous high, the correction triggered also officially bid farewell to the early stage of the bull market and began to move towards the second stage of the big bull market.
This is also in the true sense: the time period when retail investors enter the market in large quantities. This judgment is mainly based on the following points. One is the wealth effect brought about by the continuous explosion of new coins. The outside world's attention shifts from BTC to altcoins.
Second, the trading volume of the market is increasing, and the registration volume of many exchanges is increasing significantly.
Third, the recovery of old users. People who entered the bull market temporarily left for various reasons. As the market situation increased, they all returned one after another.
Fourth, the market began to circulate many predictions about the subsequent cryptocurrency market trends
The above four points can be said to be a rough way to judge the trend of the bull market. They may not be of much value to newcomers, but they are of great importance to real trend trading.
Because these criteria directly affect the chips in our hands: should we continue to hold them or should we prepare to change positions?
The market thinks that long-term is the simplest, but in practice, it is extremely difficult to operate; because this process lasts for a long time, with large fluctuations, and the test of technology and mentality is incomparable to short-term. Only investors who have experienced trend trading can understand this. It is like the journey to the West, which requires 81 difficulties before finally achieving success.
The operation methods are different in each stage of the bull market, especially now that we have entered the second stage; short-term operations are more complicated because of the large fluctuations, and the requirements for technology, fundamentals, and mentality will be higher.
Newcomers entering the market at this stage are like those who are halfway in, with fierce tigers in front and vicious wolves behind.
You must be extremely careful. The market is full of information about getting rich quickly and liquidation, which will greatly affect everyone's decision-making. So the priority at the moment is not what coin to buy, but what is the biggest risk at this stage?
Only by avoiding these risks, what remains is profit; as long as you can calm down and choose the right direction and use the right method, the cryptocurrency world will give you unimaginable wealth.
For newcomers who want to seize this bull market, I only have two suggestions:
: First, take every penny of investment seriously
Second, follow the real old hunters in the cryptocurrency circle (those who have experienced two bull and bear cycles and continue to make profits)
The core of the second stage of the bull market is experience. This experience refers to the practical experience accumulated through countless life-and-death struggles during the bull and bear cycles of the cryptocurrency market.
Rather than simply grabbing a few hot coins at the moment, the wealth brought
The easiest way to distinguish between hunters and new hunters is to look at the major historical events in the cryptocurrency circle (the 312 crash in 2020, the crash on May 19, 2021, the judgment of the bull-to-bear transition in December 2021, the judgment of the bottoming out of the bear market on November 23, 2022...), how they operated and what results they brought in the end.
The cryptocurrency industry is an extremely challenging one. You cannot just focus on the immediate gains and losses.
Because the most common thing in the financial market is deception. What you see may not be true, and what you hear may not be false.
These are all things that require careful analysis and research by everyone. Only by mastering the core logic can you successfully dig for gold in the vast ocean of the cryptocurrency world.
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