The market is rising too quickly.

CN
BITWU.ETH
Follow
11 months ago

The market has risen too quickly, too well, and too smoothly, to the point where everyone has forgotten that a pullback is inevitable.

2017 was a one-sided bull market, with a significant pullback in April.

2020 was a crazy bull market, with a major pullback in March.

These are things we only understand after history has unfolded.

Your correct approach should be to not focus on short-term fluctuations, but to concentrate on your own response to the "pullback":

  1. Should you add to your position if it breaks below the support level?

  2. At what price level should you reduce your position during a rebound?

  3. What is the maximum pullback you can tolerate?

  4. Is the bottom line "70% position + 30% cash" or does it need adjustment?

Are we in a bear market? I don't know, but if you replace speculative thinking with a spot trading mindset and adopt a long-term perspective instead of a short-term one, Bitcoin will definitely experience a long bull run.

Those who only focus on the ups and downs during history are always picking sesame seeds while losing watermelons.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink