You’ve already made money, now it’s time to talk about risks. This round of market conditions lasted for three months, with inscriptions, big pie, copycats, and various sectors taking turns.
A few days ago, people were talking about the inability of the second pie, and now it has started to rise, but what I see is different. The rise of the big pie means that the market has started, and the supplementary increase of the second pie means the market has ended. This is a fact, don’t believe it later Repost
At this stage, the $BTC cycle has peaked, and new highs are highly unlikely. At the same time, there is no room to go higher. The opportunity will come after the halving.
Copycats have also gone through a round of chaos. Everything that should rise and should not rise has risen, some by 50%, and many by double the price. The market should take a rest.
It currently belongs to the fishtail stage. The fishtail has been led by $ETH and the old mainstream stations that are almost forgotten are the last ones. This has always been the case.
Therefore, in the first quarter of 2024, there is an 80% to 90% probability of a correction or waterfall, with a drop of at least 50%. Don’t take chances. This is a bloody lesson.
Next, I will pay close attention to the performance of Erbiao and the old mainstream. If there are repeated increases and severe fluctuations, I will reduce my position by half or two-thirds.
This is a summary of personal experience and does not constitute any investment advice.
I am just a leek, and I write more to remind myself