Although the market has adjusted in the past two days, are the rising coins experiencing some pullback? This is all normal. The future market trend is generally as follows:

1. The first phase of the bull market has ended, and after the adjustment, it is about to enter the second phase.

2. Currently, outside funds have not yet entered the market on a large scale, and it is still in the self-excited phase among participants. The rise of many coins is also driven by leverage within the market, so it is necessary to clear leverage in the short term.

3. The adjustment period will not be long; the second phase will begin before Christmas.

4. The leading coins in the second phase will be SOL or ETH-related, based on my experience with several chains. SOL is simple, has a low threshold, and has a grassroots foundation, while ETH has a demand for catch-up.

5. The clearing of leverage (spike) in the second phase will be even more intense than in the first phase, but the overall upward trend remains unchanged, so it is sufficient to accumulate spot when prices dip (like now). Frequently adding leverage in a bull market will only accelerate your demise; don’t treat exchanges as fools.