Friends, have you ever thought about how long the bull market in the cryptocurrency circle can last? Now the price of altcoins has been falling all the way, which seems to be in line with the old saying that things will turn around when they reach their extremes. Isn't this a good time to buy at the bottom?

Looking back, the current market situation seems to be exactly the same as last year: first a wave of declines caused panic, and then a rapid rebound. Now that the decline and panic have appeared, will the next moment be the time for the market to bottom out and rebound? I guess this change may happen soon. Maybe in the next ten days or half a month, we will be able to witness which altcoins can emerge and shine.

Entering the market now is like picking up gold all over the floor, although these chips may still have some "blood stains". In April, the price of altcoins was almost halved, the market took a breather in May, and another round of halving in June. At present, only a few strong coins and hot coins are still rising in the market. Therefore, it is crucial to choose the right currency and keep up with the hot spots.

It is not easy to make money in the cryptocurrency circle. If you want to gain a foothold in this circle, the key is to do two things well: one is risk management, and the other is to adjust your trading mentality. If you can't stand the market volatility, maybe you should exit the trade, simply hold the spot, and stop intervening too much.

The current market has entered a stage of deep washout. When everyone is immersed in the joy of the bull market, you need to be vigilant. The right way is to buy when no one cares about the market and sell when everyone is crazy about the rise.

The recent sharp drop in altcoins has caused panic in the market, which may be exactly what the dealer expects. Those investors who are not firm enough may have left the market, so how will the market develop next? Let's wait and see how the market will interpret this drama.