A bull market, simply put, is when the overall trend is going upward, and it rises particularly quickly. As a result, fluctuations are certainly large. Altcoins usually fluctuate around 10%, which is considered a lot, but now that the bull market has arrived, fluctuations of 15%-20% are not uncommon.
Now, altcoins have already broken below the support level and are starting to enter an unregulated area. High market cap coins may correct by 75%, while low market cap coins might even return to their starting point. But don’t think that just because it drops, the bull market is over, or you’ll be at a significant loss. Remember, in a bull market, if you go long, even if you get stuck, there’s still a chance to break free; but if you go short and get stuck, you might as well prepare for liquidation.
If you hold long positions, don’t rush to cut your losses; if you do, you’ll regret it when it rebounds. Wait for a strong reversal signal before adding to your position, which will lower the average price of your long positions. That way, you can welcome the cryptocurrency frenzy after Trump takes office next year.
If you don’t have long positions, or if you didn’t make money recently, don’t rush. Patiently wait for a reversal signal; when that happens, buying in will position you perfectly in the “golden pit” of the bull market. Never rush to buy just because you see a big drop; the bull market is for those who are patient. $BTC $ETH $XRP