This round of bull market has just begun to gain momentum. Grasping the right time to sell chips in the bull market is the basis for obtaining a hundredfold return.
How did those who achieved financial freedom during the last bull market do it?
This is useful information, and I invite you to take five minutes to read it.
The entire cryptocurrency market is highly dependent on Bitcoin.
Bull runs in history are usually triggered by a variety of reasons, but one factor has always been crucial: the halving.
There are less than 2 months left until the much-anticipated BTC halving, which will halve the block reward to 3.125 BTC!
This period of time is crucial for everyone, everyone must cheer up💪
There are about 60 days left until the Bitcoin halving event. According to historical data, Bitcoin has fallen 2-3 times during this period, providing investors with golden buying opportunities.
In January of this year, Bitcoin has fallen by more than 20%, which shows that we are currently in such a stage (highly consistent)!
Bitcoin performed similarly in the 2016 and 2020 halving events, and the pattern was the same.
Almost seven months after the halving, the BTC price reached its previous all-time high. In the following 10 months, the price experienced a rapid growth, setting a new all-time high.
Here we introduce the market cycle model, which allows us to objectively evaluate the current stage of the market:
When market sentiment is low, it is time to buy.
When market sentiment is high, it is time to sell.
We are currently in an optimistic phase, the bull market is a foregone conclusion, more retail investors have started to pour into the market recently, and institutions are also increasing their Bitcoin holdings.
Although there will definitely be small pullbacks, the overall trend is definitely an upward trend.
But for retail investors like us with less than $100,000 in assets, if we want to really make money in this cycle, we have to focus on altcoins.
When Bitcoin goes higher, there will definitely be no shortage of altcoins that can increase by 100 times!
What we should do now:
In-depth market research
Research the most promising copycats
Choose 5-10 (depending on your personal strength) and add positions appropriately
Wait for Bitcoin to hit the ground running, because only after that will altcoats really allow the market to see significant growth.
Here's the mechanism:
First watch for Bitcoin to rise, then consolidate
Focus on the Ethereum/Bitcoin trading pair. Ethereum's growth performance is better than Bitcoin's
This suggests that large-cap coins may rise rapidly, eventually triggering an alt season.
In summary, our goal is to learn to wait for the right time and do in-depth research during this period.
I wish everyone can keep up with the market in the bull market and make a lot of money🙏
