Normal pullbacks in a bull market

Many people lack basic trading knowledge

Crypto / especially the long positions in Bitcoin have surged dramatically

The funding rate for long positions has reached a historical high, hitting an annualized 66%

The market has pulled back

This can be understood as the bow being drawn too tight

The arrow is on the string, it must be released

Long and short positions are being corrected

No one's analysis can claim Bitcoin won't crash

This pullback, is it the end of the short-term trend? I don't know.

What I want to say is that before the drop,

Many people saw the possibility of a decline

And many spoke out after seeing it

But those who really closed their positions and shorted

Even those who profited from both sides

I don’t know many

Stay calm, if your style is to hold long-term, don’t fantasize about short-term trades

Only very skilled traders can manage both short-term and long-term profits, most are just showing off small trades, and what they say are just afterthoughts

The reason many people lose money

Is believing in various chaotic superficial messages

Without thinking about the substance behind price fluctuations

Contract trading is the hardest job on the planet

If you can’t handle it, just hold spot

It has no effect on the spot market

And it even provides some averaging opportunities

In a few days, it will bounce back

The bull market is still on

Many people have developed a bear market mindset, and when they see a drop, they feel it’s a bottomless pit. They cannot hold through any pullback.

A bull market is actually a healthy process of rising and pulling back repeatedly.

By the time we react, it’s already too late.

Just like in August and September this year, I kept saying that altcoins look like garbage, but when the bull market comes, everywhere is gold, it’s the same principle.

I’m done, keep it up.