The entire market has begun to show strange trends again, with BTC continually reaching new highs, while the altcoin market remains weak. This indicates that expectations for a bull market across the entire market are too high, and altcoins will face repeated washing out. As the saying goes, as long as the bulls do not stop, the bears will die. Such a level of correction is usually around 30%, which is a minor scrape for the spot market, but a major washout for the futures market.
There is a piece of speculative wisdom: when I see a train coming towards me at 60 miles per hour, what I need to do is leave the track and wait until the train has passed and it is safe to get back on. I should not expect the train to stop just one meter away from me. Although I might miss some things in the process, it provides me with enough safety.
For the entire altcoin market, there is an expectation of a bull market. It is very difficult to survive the upcoming fluctuations without a bottom position. Sometimes it can exceed expectations, like the previous WLD, where the washout from 10 to 1 completely exceeded expectations. If the entire altcoin market stages another upward breakout, then plunges into a super deep pit, most people will be buried.
Therefore, at this stage, one must leave a way out. When chasing profits, one should also leave a way out for themselves. Don't think the likelihood of the market crashing is small, but if everyone follows and it crashes together, the probability will increase to another level. This will also become the preceding stage of the entire bull market.
What needs to be done at this time is not to touch coins that are not profitable, not to touch coins that are not understood, and to keep some reserves for the winter.
