The market has actually adjusted healthily in the past few days. Most coins have increased several times in the past month, so a 30% or 50% pullback is completely normal. The upcoming market situation is as follows:
1. The first phase of the bull market has ended, and after the adjustment, we are about to enter the second phase.
2. Currently, outside funds have not yet entered on a large scale, and we are still in the self-excited phase among investors. The rise of many coins is also driven by leverage within the market, so it is very necessary to clear leverage in the short term.
3. The adjustment period will not be long, and the second phase will start before Christmas.
4. The leading coins in the second phase will be SOL or ETH. This is my judgment after experiencing several chains. SOL is simple, has a low threshold, and has a mass base, while ETH has a demand for catch-up.
5. The clearing of leverage (spike) in the second phase will be even more intense than in the first phase, but the overall upward direction remains unchanged, so just accumulating spot at low prices is sufficient (for example, now). Frequently increasing leverage during a bull market will only accelerate your demise; do not treat the exchange as a fool.
