Yesterday, Bitcoin continued to rise, reaching a high of around 92,000U, while Ethereum climbed to around 3,130 U. Despite the strong performance of the crypto market, other markets are not optimistic - the A-share market closed sluggishly throughout the day, and the US stock market also fell after opening at night. However, Bitcoin only slightly adjusted around 87,800U before rising again. This trend shows the strength of the trend, or the main funds intend to maintain high prices.

However, this trend that deviates from the traditional market is often difficult to last. Based on past experience, the price of Bitcoin may eventually adjust synchronously. Therefore, at the current point, do not blindly chase the rise. Especially for varieties that have risen too much recently, you should consider taking profits at the right time. Personally, I expect that before Bitcoin sprints to 100,000 U, it may first fall back to around 85,000 U. At this time, reducing positions or taking profits is an important strategy to avoid the risk of chasing high prices.

Market sentiment and data suggest risks

Fear and Greed Index: The current index is already at a high level, a level last seen in March this year when Bitcoin peaked at 73,700 U. When market greed is too high, it often indicates rising short-term risks.

OKX Long-Short Ratio: The long-short ratio is at a low level, indicating that the current market bullish sentiment is dominant, but it is not wise to enter the market at this time. It is recommended to wait for a more ideal callback position, such as around 85,000 U, and then gradually arrange.

Opportunities worth noting: Mainstream coins are rotating to make up for the rise

Among the current mainstream coins, DOT and BNB deserve special attention. These two have not yet rebounded significantly, while others such as ADA, XRP, TRX, etc. have already risen and may need to rest in the short term. Among the top 20 coins by market value, projects that have not rebounded have more potential to perform well in the future market. It is recommended to look for low entry opportunities during pullbacks.

Investment mentality and operational suggestions

Beware of risks in good times: Investors tend to be careless when the market is going smoothly, especially after making huge profits. According to experience, when the returns far exceed expectations, the market may face a deep adjustment next. Therefore, after continuous profits, you should reduce your positions, participate in the market cautiously, and do not try to make the last high profit.

Learn to control greed: If your daily goal is to make $100, but you unexpectedly make $500 one day, you need to stay calm and avoid adding positions at high levels or chasing rising prices. Only by controlling your positions and rhythm can you avoid losses caused by market fluctuations.

How to participate in the bull market

The essence of the market is that "the strong will always be strong". For example, SUI, which was undervalued at around 0.9 last year, has now risen by more than 10 times and become a market star. But not everyone can wait until the bull market starts - many people have already lost everything in the bear market and left.

Investment strategies can be adjusted flexibly:

Spot positions: Long-term holding can capture the bull market dividend, but it requires strong patience and the ability to resist volatility.

Swing trading: Suitable for shorter-term profit needs, but requires precise entry and profit-taking strategies.

Combined strategy: Divide funds into two parts: long-term holding and short-term swing trading. Long-term positions focus on the core logic of the bull market, while short-term positions are guided by daily targets and stop profits in time.

Summary: Market opportunities and risks coexist

There are many opportunities in the current crypto market, but there are also potential risks of high-level adjustments. While pursuing returns, it is important to do a good job of risk control, maintain a rational mindset, and not let greed cloud your judgment. As the old saying in the market goes: "There are always opportunities, but the principal only comes once."