The bull market is still here, keep your mind steady!
Since it is a bull market, as long as it is confirmed that the bull market has not ended (this possibility is 99.9%), there are only two situations: pull-up and wash-out.
1. Since the first decent adjustment on March 15, the market's lows have been continuously raised, which shows that the technical side of the bull market trend has not deteriorated.
2. Fundamentally, the main logic of this round of bull market is the BTC halving market. Before the halving is realized, the narrative fundamentals have never changed, and the negative impact of the US CPI and interest rate hikes is only temporary.
3. Technically, the market has smashed the market-pull-up-smashing behavior several times, and the price has reached the EQL position. The lack of a new low is very telling.
4. Let's talk about another mentality. For spot players, it is very simple. Hold or sell high and buy low to do T. Contracts must strictly manage funds. As long as they do not go against the general trend and ensure survival (position management), the mentality of resisting orders is still very stable.
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