Just a few thoughts on the upcoming weeks:
1. Holding onto spot positions may face significant drawdowns, and whether to avoid risks in advance is entirely up to you. This period may be very painful.
2. If you can persist in holding and grit your teeth through this painful time, I believe the next wave of increases will be very favorable for some key cryptocurrencies, even completely offsetting previous drawdowns.
3. The market has not 'ended'; a new upward phase is expected in the next 4-8 weeks. The attitude of a certain country's government towards cryptocurrencies is relatively positive, and there is less resistance in the macroeconomic environment, which theoretically creates a good environment for the market.
4. Regarding the upcoming market rotation, there are no clear predictions. It is difficult to determine in advance which cryptocurrencies or sectors will become the market leaders. From the perspective of rotation, it seems that all cryptocurrencies will rise, but there is no overall upward trend at the same time.
5. This summer, altcoins experienced a significant drawdown of 75%, mainly caused by a surrendering sentiment triggered by price drops, rather than prolonged time leading to fluctuations. Although those 6 months seemed incredibly long for us, compared to the 1.5-year consolidation period of altcoins in 2018-2019 and 2022-2023, this adjustment is actually relatively quick.
6. Learn to continuously analyze data weekly, constantly reassessing the tops and bottoms of market cycles. When the market starts to turn, the situation can become very complex. Even when a bull market ends, many people will still be shouting 'the bull market is still on.' This situation is always difficult to predict, but vigilance is necessary. Do not try to predict the distant future; accept market information and adjust your strategy based on actual circumstances.
If you can exit the market with considerable profits, then you are already a winner.
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