The operations of altcoins this time are simply a roller coaster! At the beginning of November, it was soaring, and now it’s plummeting like a waterfall, catching everyone off guard. What happened to the promised altcoin season? Why did it start to drop so quickly? Don't worry, let me explain it slowly.

You need to first understand what a bull market is. Simply put, it’s when the overall trend is moving upwards, and it rises very quickly. This leads to larger fluctuations. Normally, a 10% fluctuation in altcoins is considered a lot, but now that the bull market has come, fluctuations of 15%-20% are not unusual.

Now, altcoins have already fallen below the support level and are entering an unmonitored area. Coins with high market capitalization may correct by 75%, while those with low market capitalization might even return to their starting point. But don’t think that just because it’s falling, the bull market is over; that could lead to significant losses. Remember, in a bull market, going long gives you a chance to recover even if you're stuck; but if you go short and get stuck, you can just wait for liquidation.

If you have long positions, don’t rush to cut losses; if you sell and it goes back up, you’ll regret it. You can try to open some short positions to hedge. Wait for strong reversal signals, then increase your position to lower the average cost of your long positions. This way, you can welcome the cryptocurrency frenzy after Trump takes office next year.

If you don’t have long positions or haven’t made money recently, don’t rush. Patiently wait for reversal signals; when that time comes to buy, you’ll be buying in the “golden pit” of the bull market, which is an excellent position. Never rush to buy when you see a big drop; the bull market is for those who are patient.

If you keep chasing the highs and cutting losses, often getting stuck, without the latest news from the crypto world and lacking direction, tap the profile picture to follow me for tips on tenfold coins!