What form will the main upward trend of this bull market in the cryptocurrency circle take?
Since March 14, the market has fluctuated between 60,000 and 73,000 for more than a month. Some people think that the adjustment is about to end, while others think that it will continue to adjust. In fact, both sides have their reasons. But what everyone cares about most is when the market will come? How to get on the bus and buy the bottom in the bull market?
When will the bull market come back? I think it will be after the market bloodbath.
Is this wave of altcoins cut in half considered a bloodbath?
Strictly speaking, it is not, because as far as I know, many people lose only 20 to 50%, which shows that these people still have the capital to buy the bottom.
When the bull market came in 2020, there was a 312 plunge. In fact, 312 was worse than 519, because 312 made half of the retail investors in the market withdraw from the circle, mainly contract players, which was really miserable.
There was also a 519 plunge in the 21-year bull market, and the 94 incident in the 17-year bull market. The market really started only when most people in the market could no longer play.
Some people say that this kind of extreme market will not appear again. Maybe the extreme market of Bitcoin will not happen, but before the launch of altcoins, it is estimated that it will still be very bloody, because the dealers are also very clear that there are not many retail investors playing Bitcoin, and everyone is watching altcoins, so as long as the altcoins are washed badly enough, it is still easy to start.
Bitcoin is strong and altcoins are weak
In the recent market, Bitcoin has risen from around 60,000 to 67,000, but altcoins are still very weak, and it seems that there is no sign of rising. But once Bitcoin falls, altcoins almost return to the low point, and it is impossible to play at all. In fact, I said a month ago that it will be difficult to play in March, April, and May.
So, when to buy the bottom?
My answer is to wait for the RSI weekly level to reach the bottom before buying the bottom. This is my opinion. If it does not reach the bottom, the market cannot be said to have reached the bottom, so I will wait for the indicator to reach the bottom anyway.
Therefore, I only make money within my cognitive range and use the simplest method to operate. Wait patiently, the crazy bull market will definitely come back!
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