Currently, many people believe that after this round of pullback, a rally will begin. However, in my opinion, this may not be the case. At this stage of the market, it is highly likely that the trend is to take profit during the upward process. It is expected that there will be two more waves of volatile adjustments, continuing the market reshuffling.
Why do I have such a judgment? The reason lies in the fact that the prices of various altcoins have almost increased by 1 to 3 times. On such a basis of increase, the possibility of continuing to rise sharply is extremely slim. A proper pullback is a healthy and positive market behavior, as it can provide an opportunity for those investors who have not yet entered the market.
So, let’s think from another perspective: where does the profit of the market makers come from? Obviously, they rely on harvesting operations in the market to gain profits. Therefore, in the current complex market environment, we just need to go with the flow and seize the opportunity. If one fails to sell in time at a high level, even if there is still some profit in hand, it is only a meager gain. Of course, there is no absolute right or wrong in this, after all, only by enduring loneliness can one maintain prosperity. There are also some smart players in the market who can seize opportunities accurately, excel in short-wave operations, and profit in time, but there are also many investors who, with a little carelessness, miss the market and lose good opportunities.
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