The bull market started from 49k to 60k and then fell back on November 4th. It has been more than a month. BTC rose from 60k to 100k.
Most of the coins have also risen 3-5 times from the bottom
I personally think that this is just the first stage of the bull market, especially if you look at the historical patterns of BTC and look at the 19th and 21st seasons, the worst should be closer to the 21st season.
In this cycle, the first to lead the rise from the end of October 2023 was SOL and SOL meme. Since last year, there have been many Sol gold dogs, PNUT, ACT, and last year's BONK
Okay, back to the topic. Let’s just look at the current stage. The first wave of memes that started on November 4th and ended around the 20th are almost over. There is also a rule of thumb that all the coins that lead the bull market will fall first. Let’s see SOL
From the perspective of capital, market makers also need to realize profits. You can Google what market makers are. I won’t explain it here. I personally use technical candlestick analysis.
The overall market is healthy, and it is normal to pull back and adjust. Looking at history, it is normal for some to pull back by 30-50%, and some to pull back by 80%.
Although ETH seems not good on the surface, it has never been absent. We cannot underestimate the second place for a thousand years, especially since Trump's son is also making plans here.
Now the first stage of the bull market has ended, and after the adjustment, it will enter the second stage. The specific cycle may be around New Year's Day or before the New Year.
At present, traditional funds from the outside have not yet come in, including Microsoft, which has made a lot of noise this time. It is still in the stage of people in the market enjoying themselves. The rise of many coins is also due to leverage, and they need to be cleared before they can rise.
In the second stage, I personally think that ETH will rise or ETH has a demand for a rebound.
There is also a second phase of leverage liquidation (pin insertion) which will be more fierce than the previous one, but the general direction of the rise remains unchanged, so it is enough to configure spot on dips. Why do many people lose money in a bull market? Don't use contract leverage, or don't use high multiples. If you have enough funds, don't argue with me, because most people can't accept a callback.
I didn’t sell the stocks that I bought in the first phase, especially the long-term stocks, because I knew it was just the beginning. Anyway, buy the spot stocks when they are low. It will be difficult to buy them back if you sell them now, or buy them when they are high. Like today, many stocks are rising again, and I believe that the increase in the second phase will make those who fled the top in the first round regret it. This is the bull market.
In a bull market, miners are also standard. If you look at the history of FIL, the previous mining machines have also increased several times. These are not my strengths, and I don’t understand them very well, but I know what happened at that time. I also believe that the person who gave me unlimited fantasy after taking office and said that the bears really don’t want to argue. Let me popularize the economic cycle for you.
