Friends who are confused and at a loss regarding the current market can come and discuss the upcoming market trends with Taco. First of all, my view is that this year is still a bull market, at least there is still an expectation for Bitcoin and Ethereum to make another push for new highs, and altcoins will also see a relatively large market wave. I mentioned to everyone earlier that there are two major benefits for the crypto market: the first is the Federal Reserve's interest rate cut, and the second is the hype around ETFs.
The biggest driving force of this bull market should be the approval of Bitcoin ETFs, with a large amount of capital continuously flowing into the market. People within the circle know about Bitcoin and Ethereum, but those outside may not necessarily know about Ethereum; however, they have certainly heard of Bitcoin. This is what many people refer to as a bull market exclusive to Bitcoin.
A few days ago, during the market rebound, everyone bought SOL, LTC, DOGE, and BNB and entered their initial positions. However, right after buying, the market began to decline. The current rebound remains strong, which is also a strong consensus among mainstream coins, and this is our target for long-term holding.
Given that it is highly likely that we are not at the peak, we also need to consider the residual heat after October 10th for a second dip. After all, there were still downward waves following March 12th and May 19th. Currently, holding a light position should be a relatively prudent approach, avoiding missing out on the market and being able to cope with extreme market conditions.
Through our management and control of positions, we have avoided many losses. For every member in Taco's little nest, even the impact of the October 10th black swan event on us was minimal, which is quite fortunate. Let's keep moving forward, and I hope every friend in this circle can navigate better in the future.