How to determine when a bull market peaks???
I personally think it's quite important.
1: BTC will peak before the market.
2: Public chains and platform coins will lead other coins to peak later.
If BTC peaks, then public chains and platform coins will lead innovative coins to peak about a month later.
History does not repeat details, but the process is similar.
BTC is still the leading pioneer of the bull market and will be the first major coin to peak ahead of the market.
During the peak process of BTC, most large-cap coins will only see slight follow-ups in price increases. Even if there are a few that surge, that would be just individual cases. It will be after BTC peaks that public chains and platform coins will lead other coins into chaos.
Summary: After BTC peaks, the market will not crash immediately.
"The market will maintain a brief frenzy for 15 to 25 days."
The public chain sector and BNB will serve as the second leaders of this bull market, waiting for BTC to stop rising and peak. They will then take over for the second wave, starting a second wave of frenzy, with massive funds flowing into altcoins. The pace will accelerate, quick battles and quick decisions, constantly hitting new highs in the short term. Innovative coins may double in a week and triple in a month. But there is only less than a month to celebrate, or even just a short 20 days.
"When BNB and ETH also stop rising, the market will collapse completely."
If at that time, the retail investors who have survived in this market until now, congratulations to you!
Autumn is not as good as deep autumn, with fat ducks and fresh fish, it is a good harvest season. You must firmly hold your position until the end.
Next, you need to lift your spirits, stay alert, and start preparing to reduce your positions in batches. Don't fantasize about selling at the peak.
In this market, the biggest enemy is not the opposing players, but the fear and greed within yourself. In the final stages, the market might rise to 10 times, but if you sell at 7 times, you will feel like you've lost 3 times, greedily rushing back in to make it up.
Bottom fishing and peak escaping, precise wave riding, these are all tempting death traps. Lightly, you may miss the opportunity, seriously, you may go bankrupt.
This wave of market can top your annual gains, hold tight during the bumps, but decisively let go when it gets crazy, stay focused.
Important reminder: This article elaborates on how to judge when a bull market peaks, not targeting the current market situation.
