How can a bull market go higher?

1. Clarify your positioning and make a plan

First, determine your risk tolerance (conservative, moderate, aggressive) to avoid blindly following trends during a hot market.

Set profit-taking targets (for example, taking profits in stages based on price increase) and stop-loss limits (even in a bull market, there may be corrections, avoid deep losses), and strictly execute them.

2. Position management is key

Avoid 'full position betting'; even if you are optimistic about a particular cryptocurrency, it is advisable to keep some cash or stablecoins to cope with sudden fluctuations.

Diversify your allocation: Do not bet solely on a single cryptocurrency, but combine mainstream coins (such as Bitcoin and Ethereum) with quality altcoins (those with real application scenarios) to reduce single risk.

3. Avoid chasing highs, beware of 'hotspot traps'

In a bull market, many cryptocurrencies may experience short-term surges, and chasing after them can lead to losses (especially for 'air coins' lacking fundamental support). Focus on quality targets during corrections, rather than blindly chasing prices.

Maintain rationality towards 'new concepts' and 'new hotspots'; first study the project white paper, team background, and ecological progress before deciding whether to participate.

4. Control emotions, refuse greed and panic

Bull markets can create 'missing out anxiety', but frequent trading often leads to reduced profits. Avoid disrupting your own rhythm due to others' profits.

In the later stages of a bull market, be wary of the illusion of 'only rising and not falling', and decisively take some profits when reaching your profit-taking targets.

5. Ensure basic protection

Ensure asset security: Use regulated exchanges, enable two-factor authentication (like Google Authenticator), do not disclose your private keys to anyone, and avoid operating in unsafe network environments.

Learn basic knowledge: Understand fundamental concepts such as blockchain and token economics to avoid being misled by false information.

6. Beware of leverage and contracts

Bull market fluctuations can be severe; leverage and contracts can amplify profits but also risks. Novices can easily face forced liquidation due to short-term corrections, so it is advisable to use them cautiously or not at all.

In summary, the core of a bull market is 'earning money within your understanding'; maintaining rationality and controlling risks is more important than pursuing short-term profits.