Bitcoin reaches 100,000, has the bull market in the cryptocurrency world come to an end? Is there still a chance to break even with inscriptions?
Initially, looking at the market situation improving in early December, many people started to enter the market, but ended up either choosing the wrong coins that did not rise and had no connection to themselves, or blindly chasing highs, making their already limited accounts even worse.
After enduring this torment for more than half a year, many people in the market are now seeking an answer: "Has the bull market ended?"
Bitcoin has risen to 100,000, while many coins have not only failed to rise but have fallen instead; previously well-performing coins are continuously dropping to new lows, leaving the market in utter despair.
If the bull market has ended, then we should analyze it deeply through five aspects: "capital flow, fundamentals, news, policies, and technical analysis."
Instead of greedily thinking it's time to enter after a big surge, and then panicking and fearing losses after a drop.
When it rises, people chase the increase; the bull market will eventually peak, and then they will certainly be stuck,
When it falls, they cut their losses and leave cursing, which means they will definitely miss out because the market will always stop falling.
A bull market is not smooth sailing; there will be countless pullbacks along the way. However, if every pullback raises concerns about the end of the bull market, how can one possibly achieve the results of the entire bull market?
At that craziest time, I analyzed that the market had peaked and reminded everyone: "The inscription sector is about to harvest the leeks."
The signs of a peak were very obvious:
After experiencing clear upward phases,
A top divergence appeared,
A "long upper shadow" occurred,
The size of the upward body gradually decreased,
The extent of breaking new highs became smaller and smaller,
A "pregnant line" appeared,
It broke the upward trend line,
The slope first steepened and then flattened, etc...
The more signs of a peak that appear and align, the stronger the indication of a peak.
Therefore, I dared to remind of the risks when everyone was optimistic and greedy about inscriptions; there were many people who confronted me at that time.
Every coin has its own bull and bear cycle, and the timing of each coin's peak is different. Once you master this ability, you will be able to see all the opportunities and risks.
Only you can answer your own doubts, and that is what can truly help you.