Casual talk about the next few weeks:
1. Holding spot positions may face significant drawdowns, whether to avoid risks in advance completely depends on yourself. Perhaps this period will 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 offsetting previous drawdowns.
3. The market has not 'ended,' and a new upward phase is expected in the next 4-8 weeks. The attitude of certain governments towards cryptocurrencies is relatively positive, and there is less resistance in the macroeconomic environment, all of which theoretically creates a good environment for the market.
4. There are no clear predictions regarding the upcoming market rotation. It is difficult to judge in advance which cryptocurrencies or sectors will become market leaders. From a rotation perspective, 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 75% drawdown, mainly driven by surrender sentiment triggered by falling prices, rather than volatility caused by prolonged time. Although those 6 months seemed extremely long for us, compared to the 1.5 years of sideways movement for altcoins in 2018-2019 and 2022-2023, this adjustment has actually been relatively quick.
6. 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 complex. Even when a bull market ends, many people will still be shouting 'the bull market is still on.' This situation is always difficult to predict, but vigilance is necessary. Do not try to predict the distant future; accept market information and adjust your strategy based on the actual situation.
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.