I know many small traders will ask various 'analysts' online how to improve their cryptocurrency trading skills. The trading skills they refer to are various specific knowledge of investing, such as reading candlestick charts and using indicators, etc. Ultimately, this is just a technique; the so-called technique is the means or method to achieve a goal. If you come in learning only techniques, it will be difficult to have a big-picture perspective. What we should really learn first is the principle, which is the fundamental law of the operation of things.
Specifically in the financial market, the greatest principle is the alternation of bull and bear markets. During past bull markets in this circle, every time a bull run comes, many KOLs shout about an eternal bull market. So do you really think there will be an eternal bull market? If there really is, maybe you should not focus on making money, but rather consider whether the apocalypse is approaching.
You might find it puzzling, what does a bull market have to do with the apocalypse? That's because you don't yet understand that all things in the world are interconnected, and the alternation of bull and bear markets in the financial market is consistent with the operating laws of this world. If bulls and bears no longer alternate, the order of the world's operation would also become chaotic, wouldn't that be close to the end of the world?
In nature, there are four seasons corresponding to the alternation of bulls and bears; in the human world, there are also rises and falls corresponding to the alternation of bulls and bears. After great heat, there will inevitably be great cold, and after great chaos, great order will eventually arrive; this is an ancient unchanging principle. The Taiji diagram in Chinese culture has perfectly illustrated the opposition and unity of things. Bulls and bears, although opposing each other, also form a unified whole; lacking either side means disintegration.
In summary, please do not be easily misled by the nonsense of an eternal bull market.
Finally, the application of the alternation of bulls and bears can be divided into two aspects: the larger aspect, which many people follow, is to operate on a large cycle, accumulating during bear markets and selling during bull markets. The smaller aspect mainly refers to having patience; cycles also consist of large and small cycles, and there are small bears intertwined within a big bull. If you miss a segment of an upward trend, don’t worry, there will be corresponding pullbacks to allow you to get in. How to get in involves skills, which I will not elaborate on here.