As long as altcoins rise, short them; this seems to be the biggest consensus in the cryptocurrency space right now.
The bear market mentality cultivated by the market is as frightening as the bull market mentality it has created.
Recently, the altcoin market has been generally poor, or rather bleak, with many people passing the time in boredom. The market's ruthless downward pressure creates excessive fear, coupled with the polarization of BTC and altcoin markets, leading to countless uncertainties emerging daily.
It feels like there's a day when suddenly it seems that as long as you short altcoins, you can make money; every short trade is profitable, and some people are either shorting, thinking about shorting, or rushing to short.
Just as they did before, either going long or holding onto spot positions while crying over their losses. What kind of market is this? The answer is chaotic fluctuations.
You cannot predict future trends, and you can't even predict what will happen to you in the next second. Only the correct trading mindset can continuously generate profits in the market.
Abandoning subjective thinking habits and embracing objective trading systems and algorithmic analysis is the right path.
The bear market mentality cultivated by the market is as frightening as the bull market mentality it has created; ultimately, it will be struck hard, and the bear market in altcoins will continue to face slap after slap, with expectations for confirmation in the near future.