The market has actually adjusted healthily over the past couple of days. Most cryptocurrencies have increased several times in the past month, so a pullback of 30% or 50% is completely normal. The following are my judgments on the upcoming market:
1. The first phase of the bull market has ended, and after the adjustment, we are about to enter the second phase.
2. Currently, outside capital has not yet entered the market on a large scale, and we are still in a stage where people are self-amusing. The rise of many cryptocurrencies is also driven by leverage within the market, so it is necessary to clear leverage in the short term.
3. The adjustment period will not be long, and the second phase will begin before Christmas.
4. The leaders of the second phase will be SOL or ETH, which is my judgment after experiencing several chains. SOL is simple, has a low threshold, and has a mass base, while ETH has a demand for catch-up.
5. The leverage clearing (spike) in the second phase will be even more intense than in the first phase, but the overall upward trend remains unchanged, so accumulating spot at low prices is sufficient (like now). Frequently increasing leverage during a bull market will only accelerate your demise; don’t treat exchanges as fools.
6. I did not choose to 'sell at the top' in the first phase because I knew this was just the beginning. Often, once you leave the market, it is hard to come back or come back at a higher cost. I also believe the gains in the second phase will astonish those who sold at the top in the first round. This trust comes from Wall Street/BlackRock/Trump/ETF, and that man.
7. Miners are the group closest to Bitcoin and have their own set of cognitive frameworks. The supply and demand relationship of mining machines and prices often reflects the stage we are currently in. During the peak of previous bull markets, don’t even mention the price of $BTC ; even mining machines have to increase several times.