Look at the overall situation, determine the bull and bear markets, and determine the stages;
Bitcoin is currently in a bull market.
Since Bitcoin broke through its all-time high of $73,666 on March 14, it has been fluctuating widely until now, and the fluctuation has lasted for seven months.
This kind of trend is rare in past bull markets, and it has gradually proved that this bull market is a slow bull trend.
As analyzed in an article at the end of last year, if it is a slow bull trend, it will be even more unfriendly to retail investors.
Why do you think so?
There has always been rotation among sectors in the bull market of the cryptocurrency circle. For the slow bull market, such a large rotation among sectors will be more professional and accurate for retail investors to screen targets and identify individual coins for bottom fishing and top escaping.
For retail investors, the difficulty of the test has increased dramatically. Don’t expect a bull market anymore and all cryptocurrencies will soar.
As of this bull market so far, news about coins that increase by 100 times or 1,000 times has basically disappeared from the market.
If you do not have the professional ability to screen high-quality value coins, then you may miss out on the subsequent rising market. During the bull market, there are many coins with little room for growth, or even no growth, or coins that fall but do not rise.
For Bitcoin, the bellwether of the cryptocurrency world, the current sideways movement is just a way to accumulate momentum for a better rise.
No matter how long the horizontal line is or how high the vertical line is, breaking through the historical high is just the beginning.
What we need to do now is to test our patience and firm our confidence and faith. (The premise is that the currency we have now is high-quality, valuable and has potential)
Then everything is ready, and as soon as the East comes, it will be able to rise with the trend.
Fools miss opportunities;
The weak have no ability to solve problems and can only rely on luck and wait for opportunities;
Wise people understand the market and trends and seize opportunities;
The strong never admit defeat and will create opportunities.
We cannot be strong, but we cannot be fools or weak either. We must control our destiny in our own hands. At the very least, we must be wise and know how to go with the flow and seize opportunities.