A bull market, simply put, is when the overall trend is going up continuously and the increases are particularly fast. As a result, the volatility is certainly high.

Altcoins usually fluctuate around 10%, which is considered a lot, but now that the bull market has arrived, fluctuations of 15%-20% are nothing unusual.

Currently, altcoins have already broken through their support levels and are beginning to enter unregulated territories. High market cap coins might retrace by 75%, while low market cap ones could potentially return to their starting points. But don’t jump to conclusions that the bull market is over just because of a drop; that could lead to significant losses. Remember, in a bull market, if you are long and get caught, there’s still a chance to break free; but if you are short and get caught, you can expect to face liquidation.

If you hold long positions, don’t rush to cut your losses; if you do, you’ll regret it when it rebounds. Wait for a strong reversal signal and then add to your position to lower the average cost of your longs. That way, you'll be ready to embrace the cryptocurrency frenzy after Trump takes office next year.

If you don’t have long positions or didn’t make money recently, don’t panic. Be patient and wait for the reversal signal; when that time comes to buy, you’ll be purchasing from the "golden pit" of the bull market at a prime location. Never rush to buy just because of a big drop; a bull market is for those who are patient.