The duration of the bull market in the cryptocurrency circle is always difficult to predict, but the continuous decline of altcoins seems to indicate the possibility of a market reversal. Now may be a good opportunity to buy the bottom of the recent popular currencies, just as the principle of extremes will reverse.

The current market trend is similar to last year, with a decline first causing panic and then a rapid rise. The market performance during the Dragon Boat Festival is an example. If history repeats itself, we may soon see a rapid rebound after the market bottoms out, perhaps in the next ten days and a half.

Entering the market now is like picking among the gold everywhere, although these chips may be bloody in the market. The currencies that are still rising in the market are only a few strong and hot currencies, so selecting currencies and chasing hot spots has become particularly important.

It is not easy to make money in the cryptocurrency circle, but as long as you do a good job of risk management and adjust your trading mentality, you can surpass most market participants even if you don’t pursue sudden wealth. If the market volatility exceeds your tolerance, it may be a wiser choice to hold spot and stay away from market volatility.

The current market has entered a deep wash-out stage. When everyone thinks that the bull market is coming, it may be time to be cautious. The best strategy is to buy when the market is sluggish and sell when the market is frenzy.

The recent continuous decline of altcoins and the rising panic in the market may be reaching the goal of the market makers, and many people may have exited the market. In this extreme case, the market may reverse.