The "washing up" phenomenon in the bull market

A washout is a short-term retracement within a long-term uptrend.

In a bull market, the 200-day moving average is regarded as the market's "lifebuoy" and helps us see the long-term trend clearly.

When prices return to this line, it usually means that the market is undergoing a deep correction and re-accumulating momentum in preparation for the next wave of upward movement.

The 60-day and 120-day moving averages are like the market's "midday nap." It is a common phenomenon for prices to pull back here. It usually indicates that the market is undergoing short-term adjustments, which will help prices steadily rise.

A pullback is not necessarily a bad thing.

It can help the market clear up those short-term investors who lack patience and provide patient investors with good opportunities to enter the market.

Pullbacks are part of a healthy market.

Bankers sometimes clear long positions through rapid increases or decreases, reorganize market chips, and prepare for the next wave of increases. Although these short-term fluctuations can be confusing, for long-term investors, they can be ignored and focused on the long-term trends.

In a bull market, staying optimistic and patient is key.

Long-term holding of cryptocurrencies with large market capitalization and good liquidity is usually better than frequent operations to obtain stable returns.

Even if the market fluctuates, don't give up easily, because you may miss the opportunity for subsequent big gains.

Maybe we can analyze more rationally to understand and respond to market corrections in the bull market! 📈✨$BTC $ETH $XRP