Bitcoin and altcoins suddenly plummeted, what should we do now?
Recently, the market has fluctuated greatly,
a few days ago, I was worried about missing out on the rise, and now I'm afraid of a drop.
Yesterday, altcoins skyrocketed, with Ethereum nearing 4000, a complete celebration.
Today, there's a significant plunge that plays with your mindset.
Due to a severe cold these past two days, I did not take profit at the peak.
When I woke up, I had already missed the best profit-taking opportunity, so I just left it as is.
Because I have maintained a low leverage and conservative strategy,
yesterday my account briefly reached a high of 1.82 million, now it's back to square one.
This correction has only returned to a few days ago's 1.67 million, which isn't too significant.
The bull market is notoriously difficult, especially since many veterans missed out on the gains this month and ended up chasing highs and stopping losses.
Since the upward momentum has been interrupted, the following days should be similar.
Based on previous experience, this kind of plunge typically lasts at least a week.
But overall, the outlook remains bullish; the bull market will have various spikes that will take high-leverage players down.
So I, as the editor, have also chosen to leave it untouched,
no matter what, it’s essential to be conservative, maintaining a rational and safe approach.
