A bull market, simply put, is when the overall trend is consistently upward, and the gains are particularly fast, which naturally leads to significant volatility.

Altcoins typically fluctuate around 10% on average, which is already considered high. Now that a bull market has arrived, fluctuations of 15%-20% are not unusual.

Currently, altcoins have broken through support levels and are starting to enter an area where no one is paying attention. High market cap coins might correct by 75%, while low market cap ones could potentially return to their starting points. But don't assume that the bull market is over just because prices have dropped; that could lead to major losses. Remember, in a bull market, if you're long and get stuck, there's still a chance to get out; but if you're short and get trapped, you might as well wait for a liquidation.

If you have long positions, don't rush to cut your losses; if you sell and the price rebounds, you'll regret it. Wait for a strong reversal signal, then increase your position to lower the average price of your long positions. This way, you can look forward to the cryptocurrency frenzy after Trump takes office next year.

If you don't have long positions, or if you haven't made money recently, don't rush either. Patiently wait for a reversal signal; when it arrives, buying then will place you in the 'golden pit' of the bull market, which is an excellent position. Never rush to buy just because of a big drop; the bull market rewards those who are patient.

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