Recently, Bitcoin has been fluctuating around $66,000. If this kind of fluctuation lasts for a long time, it will be abnormal. In the short term, it has not yet recovered the past high of 73,000 US dollars. During this period of time, the entire market has been going back and forth, with a strong market for one day and then a two-day pause. Generally speaking, it has not yet taken a clear direction, but if the leeks are really heavily stocked, they must dare to accept it. There have been sharp short-term fluctuations.

In the cryptocurrency market, short-term ups and downs are normal adjustments. Don’t get excited when it goes up, or panic when it goes down. There is no market that only goes up but not down, and there is no market that only goes down but not up. In the long term, it is enough to see an upward trend. In the medium term, it is cyclical fluctuations. In the short term, we can only rely on guessing.

The long term is suitable for stocking, the medium term is suitable for large bands, and the short term is suitable for professionals. Find the time period that suits you. The length of time should be adjusted according to the market. Once you guess the trend, you must dare to enter the market and hold on. Don’t rush before the trend ends. get off.

Make good position allocation and adjust your mentality. Only by doing things with a high probability can you make a lot of money with a high probability. The probability of getting rich with high leverage is too small. If you make it by luck, you will get it back with your strength. The probability of success in rolling positions with low leverage is much greater than that with high leverage.

Four major characteristics indicate the arrival of a major adjustment in the crypto market.

First, looking at the monthly line, the possibility of a sharp correction in the crypto market is increasing. Since Bitcoin hit its lowest price in history in November 2022, it has been rising for 17 months today without a major adjustment of more than 30%, which is unique in the history of encryption. Bitcoin’s monthly line has already had six positives, which has only appeared in the big bull market of 2021, which is also rare in the history of encryption.

Secondly, on the daily line, after a sharp rise in February this year, Bitcoin hit a new all-time high of US$73,764 on March 14, 2024, and has not reached a new high for 18 trading days. Usually, if Bitcoin fails to hit a new high within 12 trading days after a rapid rise, it means that the market has come to an end.

Once again, meme coins and altcoins have risen sharply, which also indicates that the market has entered its end. After the surge in the previous two weeks, the meme coins on the Solana public chain have risen sharply again today. Among them, jto performed well and rose to the first place in the list of gains! Bome also rose again to above 0.015 with the general rise of its ecology. JTO's daily real column broke through and was close to the highest position since the opening.

Finally, since March 2024, the greed index has remained high, which also heralds the arrival of a major adjustment. Today's Panic and Greed Index is 79, and the level is Extreme Greed. Yesterday it was 75 and the level was greed.

The current cryptocurrency market is described as being in the early to mid-stage of a bull market. With strong fundamental and technical support, a sharp correction is inevitable due to the previous large gains. I compare this stage to the early stages of a bull market that was too aggressive. As the price of Bitcoin rises sharply, a large amount of profit taking will occur.

At present, retail investors' interest in cryptocurrencies is still lower than the level during the bull market in 2021. Google Trends data shows that search interest in cryptocurrencies is still low, which indicates that public interest in cryptocurrencies has not yet reached a climax. Taking into account both technical and fundamental factors, I believe that the bull market will continue. Investors should closely monitor the inflow of funds into spot Bitcoin ETFs and other macroeconomic factors to detect signs of market changes in a timely manner.

There are three rules for making money in the current bull market: buy right, hold steady, and have a good attitude. Choose potential currencies, pay attention to market hotspots, conduct technical analysis, and refer to professional opinions. Hold steady and avoid frequent operations, do a good job of risk management, set stop losses, and have firm beliefs.

Keep a good attitude, don't be greedy or fearful, control your positions, and learn to stop losses. The money-making effect of the bull market amplifies operations, and risk management and mentality are crucial. Generally speaking, in a large-scale bull market, the profit margin that can be seized is about 3 to 5 times. If you are lucky, you can multiply your personal assets by 10 to 20 times. If you have strength, luck, and some vision, then more than 30 times is not a problem!

Anyone who has experienced the bull market in 2021 will know that what I said is very common in the currency circle, and there are even many such people around me. But unfortunately, very few can bring out the results in the end.