Don't be a sheep of investment banks and media, what does a bull market mean without mentioning a peak?

Today marks the beginning of a new month, with only one last monthly line left until the end of 2024. Looking back at the explosive market in November, Bitcoin surged to the 100,000 mark, and Ethereum also showed a dismal trend, recovering the 3,700 mark, just a step away from 4,000. Established altcoins like XRP, DOGE, LTC, ADA, etc., have all shown varying degrees of upward movement.

BTC: The big coin rebounded to a maximum of 98,600 on Friday, but the price did not directly break through the daily level resistance. The selling pressure at this new high position is quite severe, and currently, the market has fallen back to the lowest line of 95,700.

Here, Da Yu wants to say that in trading, there is no situation of only rising and not falling. Do not chase highs and kill lows. Imagine that currently, whether it is media or influential bloggers, they are generally mindlessly chasing the big bull. The market sentiment is also high, and everyone is holding onto their chips looking at 100,000. If the market reaches 100,000, voices will gradually arise looking at 200,000. So who would be willing to sell their bullish chips? The result is that there is only buying and no selling, which is something that institutional investment banks and capital manipulators are very reluctant to see. Therefore, a deep correction is inevitable. Investors in the cryptocurrency circle must sharpen their eyes, be more rational, and not become the sheep of media and investment banks. Short messages are limited; in the next article, Da Yu will discuss in detail how to correctly judge the current market trend and operations.