A bull market, simply put, is when the overall trend is continuously upward and the increases are particularly rapid; this inevitably leads to significant fluctuations.

Altcoins usually fluctuate around 10%, which is already considered a lot. Now that the bull market has arrived, fluctuations of 15%-20% are not unusual at all.

Currently, altcoins have already fallen below support levels and have begun to enter areas that are largely neglected. High market cap coins may retrace by as much as 75%, and for those with lower market caps, returning to their starting point isn't out of the question. But don't jump to conclusions that the bull market is over just because there's a drop; that could lead to significant losses. Remember, in a bull market, going long means that even if you get stuck, there are still chances to break free; but if you go short and get stuck, you better prepare for liquidation.

For those holding long positions, don't rush to cut losses; if you sell and then see prices rebound, you'll regret it immensely. Wait for strong reversal signals before adding to your positions, which will lower your average cost. This way, you'll be ready to enjoy the cryptocurrency frenzy after Trump takes office next year.

If you don't have long positions, or if you didn't make money recently, don't rush either. Patiently wait for reversal signals; when that time comes to buy in, you'll be buying in the 'golden pit' of the bull market, which is an excellent position. Never rush to buy just because of a significant drop; a bull market is for those who are patient.