In a bull market, pullbacks are actually quite normal, but some people don't even understand this basic trading knowledge. Look at cryptocurrencies, especially Bitcoin, the number of people buying on the rise (going long) is increasing, and the funding rate has skyrocketed to an all-time high, reaching 66% for the year! It's like a bow that's pulled too tight; it needs to be loosened a bit and adjusted, or the string might break.

Bulls and bears are currently competing; everyone says Bitcoin won't crash. Is this pullback a sign that the short-term trend has peaked? I don't know. But I want to say that before the decline, many people had already noticed the possibility of a drop and spoke about it. However, I dare say that very few actually took action, cleared their positions to short, or even made money on both sides.

So, if you're the type who can't let go, then stop thinking about swing trading all the time. Swing trading and making profits on both sides are not something the average person can achieve; most people are just flaunting small trades and speaking as if they knew it all after the fact.

Many people lose money because they only believe in all sorts of superficial information and don't think about the real reasons behind price fluctuations. Contract trading is one of the hardest jobs globally; if you don't have the skills, it's better to stick with spot trading. At least with spot, you still have the chance to average down, and in a few days, it might bounce back.

The bull market is still here; many people are scared by the bear market and think that a drop means it will fall into a bottomless pit. In fact, a pullback is a healthy process in a bull market: rise, pullback, and then rise again. By the time we react, it might already be too late. Just like in August and September this year, those altcoins that seemed insignificant at the time turned out to be treasures in the bull market!