Ethereum, the leader of altcoins, has finally shown some strength, reaching the $4000 level.
I wonder how those who criticized Ethereum before are doing. Have they really given up on Ethereum? Or have they missed out?
In this bull market, the rotation of quality sectors has been evident in the current trend; I believe everyone should have a deep understanding of this!
If you cannot understand the market trend, lack the ability to filter quality coins, and up to this day, you will find that your investment in the cryptocurrency market is out of rhythm and influenced and disturbed by market sentiment, then the outcome is unlikely to be good.
Let's take SOL, which has been very popular before and still is now, as an example:
I wrote an article about the fundamentals of SOL back in July: Will SOL surpass Ethereum (ETH) in the future?
A recent article was written on October 25: SOL has broken through $170; how much more room for growth is there? Will it really surpass Ethereum (ETH) next?
Currently, SOL's price is only $235, and trimming the highs and lows may yield less than 30% profit.
Looking back at other old coins like XRP, LINK, TRX, ADA, DOT, etc., see which ones haven't outperformed SOL.
This situation has happened before, is happening now, and will occur again; what I want to express is not to look back at what has already risen and say how it happened, that's called hindsight.
The truth of the matter lies in whether you have the ability to grasp things in advance. You need to have the ability to layout positions at relatively lower points before the market trend starts and to escape at relatively high points to cash out.
It's not about seeing the market rise, fearing to miss profits, or fearing to miss out, blindly entering the market and chasing highs. By the time you get in, you might not even get to taste the meat, but you will definitely take the hits.
Life goes on, and trading continues; this bull market will be very unfriendly to retail investors.
Especially at this critical moment now, those who have been reading my articles should be very clear; I don't write much about market trends anymore. You need to understand the reasons and logic behind this and learn to see through the essence of things.
Trends are accelerating, and the risk-reward ratio for many assets is no longer suitable; the risks are increasing, while the returns are visibly declining.
Especially for long-term trends, there are already few opportunities at this stage, leaving only medium or short-term opportunities.
Medium and short-term trading require more precise technical, strategic, and psychological skills; the margin for error is very low. If you make two wrong moves, the loss will not just be the principal, but you will miss the entire four-year major trend, and waiting another four years will be necessary.
The bull market has reached a very, very important moment now; this is also the last chance for possible changes. It all depends on whether we have the ability to seize it.
Waiting for the coins in hand to explode will only make the next opportunities increasingly slim; the situation in the last bull market, where many coins surged, will not exist in this bull market.
The industry is trending towards specialization and segmentation; are you ready?