Just a few thoughts for the coming weeks:
1. Those holding spot positions may face significant pullbacks. Whether to avoid risks in advance entirely depends on you. This period might be very painful.
2. If you can hold on and endure this painful period, I believe the next wave of increases will be very beneficial for some key cryptocurrencies, potentially even completely offsetting previous pullbacks.
3. The market has not 'ended'; a new bullish phase is expected in the next 4-8 weeks. A certain country's government has a relatively positive attitude toward cryptocurrencies, and there is less resistance in the macroeconomic environment. These factors theoretically create a good environment for the market.
4. There are no clear predictions regarding the upcoming market rotation. It's tough to determine in advance which cryptocurrencies or sectors will become market leaders. From a rotation perspective, it seems all cryptocurrencies will rise, but there is no overall upward trend.
5. This summer, altcoins experienced a 75% significant pullback, mainly triggered by surrender sentiment due to price declines, rather than a prolonged period of consolidation. Although those 6 months seemed incredibly long for us, compared to the 1.5 years of sideways movement for altcoins in 2018-2019 and 2022-2023, this adjustment is actually relatively quick.
6. Learn to continuously analyze data weekly, constantly reassessing the peaks and troughs of market cycles. When the market starts to turn, things can become very complicated. Even when a bull market ends, many will still be shouting, 'The bull market is still on.' This situation is always hard to predict, but vigilance is necessary. Don't try to predict too far into the future; accept market information and adjust your strategy based on actual conditions.
If you can exit the market with considerable profits, then you are already a winner.
I am Shaohua, please follow me for the latest cryptocurrency information.