Normal Pullback in a Bull Market

Many people lack basic trading knowledge

Crypto / Especially Bitcoin's long positions have surged sharply

The funding rate for long positions has reached a historical high of 66% annualized

The market has collapsed and pulled back

It can be understood as the bow being drawn too tight

The arrow is on the string, and it has to be shot

Long and short positions are being corrected

No one's analysis can say Bitcoin won't collapse

This pullback, is it the end of the short-term trend? I don't know.

What I want to say is, before the drop,

Many people saw the possibility of a decline

And many spoke up after seeing it

But really clearing positions, shorting,

Even profiting from both long and short,

I don't know many who did.

Stay calm, if your style is to hold onto positions, don't fantasize about swings

Only very skilled traders can achieve swing trading and profiting from both sides; most just show off tiny trades and speak post facto

The reason many people lose money

Is believing in various chaotic surface messages

Instead of thinking about the substance behind price fluctuations

Contract trading is the most challenging job in the world

If you don't have those skills, just hold spot

It has no impact on the spot

And provides some opportunities to average down

In a few days, it will rise again

The bull market is still on

Many people have developed a bear market mentality, and when they see a drop, they feel like it's a bottomless pit. They can't hold on to any pullback.

A bull market is actually a healthy process of rising, pulling back, rising, and pulling back.

By the time we realize it, it's too late.

Just like in August and September this year, I kept saying that altcoins look trash right now, but actually, in a bull market, there is gold everywhere—it's the same principle.

I have finished writing, keep it up.