What is a bull market?

Simply put, it is when the overall trend is rising sharply and quickly. As a result, the fluctuations are significant. Normally, altcoins might fluctuate around 10%, but now that the bull market has arrived, fluctuations of 15%-20% are quite normal.

Currently, altcoins have broken below support levels and are entering an area that seems to be neglected. High market cap coins may correct by 75%, while lower market cap ones might even return to their starting point. But don’t assume the bull market is over just because of a drop; that would be a big mistake. Remember, in a bull market, if you go long, even if you're stuck, there's still a chance to break free; but if you go short and get stuck, you can expect to face liquidation.

If you have long positions, don’t rush to cut losses; if you do, and it rises back, you will regret it immensely. You can try making some small short positions to hedge and reduce exposure, ensuring that you can survive. When you see a strong reversal signal, then add to your position to lower the average price of your long positions. This way, you can welcome the cryptocurrency frenzy after Trump takes office next year.

If you don’t have long positions or haven’t made money recently, don’t rush. Patiently wait for a reversal signal; when that time comes to buy, you will be buying in the 'golden pit' of the bull market, which is an excellent position. Never rush to buy just because of a big drop; bull markets are for those who are patient.