Normal pullbacks in a bull market

Many people lack basic trading knowledge

Crypto / especially Bitcoin's long positions have surged

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

The market has collapsed and pulled back

It can be understood as the bow being pulled too tight

The arrow is on the string, and it must be released

Longs and shorts are making corrections

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

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

What I want to say is, before the drop,

Many people saw the possibility of a decline

And many spoke about it after the fact

But those who really closed their positions and shorted

Even those who profited from both long and short

I don't know many

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

Only very skilled traders can achieve both long and short profits; most are just showing off small trades and talking in hindsight

The reason many people lose money

Is because they believe various chaotic surface messages

Without thinking about the essence behind price fluctuations

Contract trading is the hardest job on Earth

If you don't have the skills, just hold spot

It has no impact on the spot market

And provides some opportunities to average down

In a few days, it will rise again

The bull market is still here

Many people, conditioned by a bear market mindset, feel like there's no bottom as soon as they see a drop. They can't hold on whenever there's a pullback.

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

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

Just like I kept saying in August and September this year, altcoins look trashy, but in reality, during a bull market, everywhere is gold.