『Special Note』Last December, I was the first to propose a bear market across the entire network, and I also reminded to clear positions at the high in December. Since then, I have been reminding about the bear market every month and advising to clear positions. Those who followed the advice have avoided the huge crash of this bear market, preserved their principal, and at least won't be left with just a tiny fraction! Those who did not listen to me are left with nothing!
On April 9, we bottomed out around 76600, and at that time, the highest we saw was around 85700. Of course, I also treated it as a short-term position and exited a bit early. I didn't catch the highest point.
On April 21, I bottomed out again, and then on April 25 to April 26, I advised to clear spot positions, and on May 2, I advised a second clearance of spot positions. Most altcoins have just returned to the high points I advised for clearing in April or May.
On May 6, due to the positive news from the China-U.S. trade talks and Trump lifting chip restrictions, I have been in cash during this wave, and indeed I missed a portion of the market, as the rebound exceeded expectations. However, being in cash just means I earned less, not that I lost; how could being in cash result in a loss? Yet, I was criticized by many for missing this segment! I see that by advising you to clear positions at the end of last year, you could have minimized your losses, so why aren't you grateful?
In my personal view, this rebound is still expected to end around May 9 to May 11. After the rebound, there will still be a decline, but the drop should not break below 74508. It may exceed that point or it may not.
No matter where the rebound goes, it is still a bear market because the rebound does not constitute a driving wave; it is merely a significant rebound in a bear market, or we could say an upward spring action. That is my understanding. Although Ethereum has surged crazily, it is just a rebound from an oversold condition! Many altcoins have not even risen as much as Ethereum, and many altcoins have not exceeded the highs of April and May, or have just barely exceeded them. If you think this is a bull market, you can go ahead and buy back the altcoins you have; most have at most lost a few points. If you didn't take my advice to clear positions at the end of last year, it is indeed difficult now, caught between a rock and a hard place, and there is really no good way out. I won't give you any more advice.
Of course, if this is a bull market, it certainly cannot be just a bull for a short period; it must continue to be bullish. So many altcoins have not really taken off! How can we call it a bull market when so many altcoins have not moved?
On April 9, we bottomed out around 76600, and at that time, the highest we saw was around 85700. Of course, I also treated it as a short-term position and exited a bit early. I didn't catch the highest point.
On April 21, I bottomed out again, and then on April 25 to April 26, I advised to clear spot positions, and on May 2, I advised a second clearance of spot positions. Most altcoins have just returned to the high points I advised for clearing in April or May.
On May 6, due to the positive news from the China-U.S. trade talks and Trump lifting chip restrictions, I have been in cash during this wave, and indeed I missed a portion of the market, as the rebound exceeded expectations. However, being in cash just means I earned less, not that I lost; how could being in cash result in a loss? Yet, I was criticized by many for missing this segment! I see that by advising you to clear positions at the end of last year, you could have minimized your losses, so why aren't you grateful?
In my personal view, this rebound is still expected to end around May 9 to May 11. After the rebound, there will still be a decline, but the drop should not break below 74508. It may exceed that point or it may not.
No matter where the rebound goes, it is still a bear market because the rebound does not constitute a driving wave; it is merely a significant rebound in a bear market, or we could say an upward spring action. That is my understanding. Although Ethereum has surged crazily, it is just a rebound from an oversold condition! Many altcoins have not even risen as much as Ethereum, and many altcoins have not exceeded the highs of April and May, or have just barely exceeded them. If you think this is a bull market, you can go ahead and buy back the altcoins you have; most have at most lost a few points. If you didn't take my advice to clear positions at the end of last year, it is indeed difficult now, caught between a rock and a hard place, and there is really no good way out. I won't give you any more advice.
Of course, if this is a bull market, it certainly cannot be just a bull for a short period; it must continue to be bullish. So many altcoins have not really taken off! How can we call it a bull market when so many altcoins have not moved?
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