I have experienced several bull and bear cycles, and I would like to share my views on it. The first significant pullback of Bitcoin at 100,000 is a good thing; it shows that many people have joined in. When newcomers come in, they won't all buy in at once; they will fully invest only after experiencing some losses, so there will be many more breakthroughs and pullbacks. For new coins, they are completely influenced by the sentiment of mainstream currencies, so generally, new coins open with a significant increase 📈 and then a slight pullback. If a new coin is just listed and has perpetual contracts, you should not short it; that is used by the main players to pull back and lower positions, after which it can be violently pumped up 📈.