We are currently still in the early stages of a bull market, and the real trend explosion has yet to arrive. Therefore, there is no need to lose confidence due to short-term pullbacks.
If the market continues to rise without any pullback reactions, it should be a cause for concern. Such trends may indicate a discrepancy between market sentiment and actual movements, necessitating a reassessment of the overall market perception.
The current pullback has actually made the market atmosphere more rational. For the long-term development of the trend, it has already risen for some time, and appropriate pullbacks and consolidations help the market find support levels and accumulate more upward momentum. This kind of adjustment is crucial for the healthy development of a bull market.
As we know, any tall building needs to be constructed steadily, not like a house of cards. There is a classic saying in technical analysis, "what is lacking must be supplemented," which means that during pullbacks, the market will find a balance again.
Now is a good time for us to accumulate. We can focus on the coins we are optimistic about, gradually accumulating, and taking advantage of the pullback to optimize costs.
Looking back at the last bull market, Thanksgiving and Black Friday also caused a significant pullback of about 15% in Bitcoin, after which the market entered about a month of consolidation before slowly rising. The current bull market trend is very similar to that time.
However, this round of Bitcoin's decline is expected to be not too large, possibly around 10%, which aligns with the two support levels we mentioned earlier. For further discussions, you can refer to the channel: Little Bear on Cryptocurrency, no wasteful comments.
For operations on other coins, you can refer to the trend of Bitcoin. If you have any questions, feel free to leave a message to communicate.
Finally, firmly believe in the bull market and trust in the future of BTC.
