Let's casually talk about the next few weeks:
1. Having existing positions may face significant drawdowns, whether to avoid risks in advance completely depends on yourself. Perhaps this period may be very painful.
2. If you can persist in holding and grit your teeth through this painful period, I believe the next wave of increases will be very beneficial for some key cryptocurrencies, even fully erasing previous drawdowns.
3. The market has not 'ended', and a new rising phase is expected in the next 4-8 weeks. A certain country's government has a relatively positive attitude towards cryptocurrencies, and there is less resistance in the macroeconomic environment, all these factors theoretically create a good environment for the market.
4. There is no clear prediction regarding the upcoming market rotation. It is difficult to judge in advance which cryptocurrencies or sectors will become the market leaders. From the perspective of rotation, it seems that all cryptocurrencies will rise, but at the same time, there is no overall upward trend.
5. This summer, altcoins experienced a significant drawdown of 75%, mainly triggered by surrendering emotions caused by price declines, rather than volatility due to prolonged time. Although those 6 months seemed extremely long for us, compared to the 1.5 years of sideways movement in altcoins from 2018-2019 and 2022-2023, this adjustment can actually be considered relatively fast.
6. You need to learn to continuously analyze data every week, constantly reassessing the tops and bottoms of market cycles. When the market starts to turn, the situation can become very complicated. Even when a bull market ends, many people will still shout 'the bull market is still here.' This situation is always difficult to predict, but vigilance is necessary. Don't try to predict too far into the future; accept market information and adjust strategies based on actual conditions.
If you can exit the market with considerable profits, then you are already a winner.
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