Let me give you a psychological massage. This wave of decline of 58,000 broke many people's defenses. They all thought that there was no bull market and the bull market was gone.
It is clear that the bull market is still there, but it has changed cyclically. After all, the current market is very different. The listing of BTC's ETF seems to be a good thing, but it actually means that the dividends of this circle have disappeared. The volatility will become lower and lower. It is difficult to see a 20% increase in a day on BTC. The participation of various institutions and quantitative intervention will make the volatility lower and lower and finally the same as the A-share market.
So why do many bloggers say that this round of bull market is the last bull market for retail investors? It can be clearly felt that the difficulty is rising exponentially now, and there were few mainstream altcoins before, and funds were concentrated on a few of them for rotation. Most of them could still rise again if they held on to them. But now there are thousands of trading pairs, inscriptions, NFTs, CEX, and various diversion funds on the chain. Many altcoins will never get up again after lying down in this round, so don't fall in love with altcoins in this round. You should run when you should.
BTC bull is still there, and it looks more like the last round of Defi summer. Leverage cleaning, the current contract holdings are more than the peak of the last bull market. You think that leverage cleaning is to knock down all positions with a needle, but this round is a drop and rise, and then drop and rise, slowly grinding away all leverage. So during this period, try to watch more and operate less, protect the principal, the wind will come, but the time has not come.
Finally, if you are a pure novice, you want to rush into the currency circle when you see BTC hit a record high before, then I suggest you pay attention to me first, learn the knowledge of the currency circle with me, and make up for your basic skills. A tall building rises from the ground, and glory can only rely on yourself. Only by laying a solid foundation can you go further.
