Bitcoin bull market sell signal: How can novices grasp it?
In the currency circle, there are always some voices saying that the price of Bitcoin is too high and it is not worth buying. But have you ever thought that the real bull market frenzy is actually just around the corner? At that time, many people will be reluctant to sell their Bitcoin because they are convinced that it can rise even higher.
Imagine that the market is like a huge pool, with people buying water (demand) on one side and pouring water (supply) on the other side. If there are only buyers and no one pouring water, then even a little water can make the water level in the pool rise rapidly. This is the principle of the Bitcoin bull market: when everyone is reluctant to sell, the price of Bitcoin will soar like a rocket.
So, how do we know whether this round of bull market has reached the "reluctant to sell" stage? Look at the trading volume! Just like observing a busy market, if the flow of people suddenly increases, it is likely that good things are going to happen. The same is true for Bitcoin's trading volume. If the weekly trading volume begins to increase significantly, it means that the market has become active.
Looking back at history, you will find some interesting numbers. At the peak of the bull market in 2017, weekly trading volume was around 70,000 to 100,000 bitcoins. By 2021, that number had doubled several times to 360,000 to 500,000 bitcoins per week. Although it has fallen back since then, every bull market has brought a surge in trading volume.
Now, we are at the starting point of a new bull market. If you look closely, you will find that weekly trading volume is steadily increasing. This means that more and more people are beginning to believe in the future of Bitcoin, and they are no longer selling easily, but choosing to hold.
So, as a novice, how do you grasp the opportunity to sell in the bull market? In fact, you can refer to the changes in trading volume. When trading volume doubles or even triples from its current level, it may be a sell signal. Of course, this does not mean that you will definitely sell at the highest point, but at least you can ensure that you will not miss most of the gains.
Remember, don't be greedy. When selling, try to keep a portion of the bottom position (such as 15-20%), so that even if the market pulls back, you will have enough chips to deal with it.
Finally, what I want to say is: as long as you remain rational, patient and courageous, you will definitely find your place in this market full of opportunities. Come on! Let's explore the unknown and pursue wealth in the currency circle together!
Ares has also been ambushing a currency that is about to explode recently, with a short-term return of 30% and a long-term return of about 5-8 times. As I said before, if you take the initiative to find me, I will take you ashore, and you just lie down.
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Ares will not let my fans miss out in this bull market! This is the truth $BTC
