Brothers, hello everyone, I am trader Zhu Yidan. It feels really good to be at home. I’ve slept a lot, and when I woke up and checked the market, it’s still continuing to decline. A large number of bulls have been liquidated. This wave of increase belongs to Ethereum, while many altcoins are passively rising. Now that Ethereum is falling, everyone seems like they want to commit suicide.

Sometimes it really feels like altcoins have no future. When Bitcoin has an independent market, altcoins don’t rise, and everyone says to wait for Ethereum to rise before altcoins will rise. Now that Ethereum is rising independently, altcoins still look like they are on the verge of dying.

Past bull markets can be divided into three stages: the first stage is the independent market of Bitcoin, the second stage is the independent market of Ethereum, and the third stage is altcoin season. Only during altcoin season can retail investors make money and experience profit effects, buying luxury cars and high-end watches. When people around see this, they will continuously join in, bringing new incremental liquidity.

The price level of Ethereum is very critical right now. It can fake a breakdown around 4100, even drop below 4000, but it must recover quickly. If the price drops below 3600-3700, a large number of short positions will be liquidated, and a large amount of empty capital will enter, which will change the entire upward structure.

The state of the market can be compared to changing weather. Recently, it was sunny and bright, but now it’s stormy with thunderstorms. In such weather, it's better to stay indoors and wait patiently until the weather clears up before taking action.

In a bull market, leverage must be reduced. When trading altcoins, it might even be wise not to use leverage. If you can't decisively execute your stop-loss strategy, a significant market movement can sweep you away, and then a few days later, the price comes back. You have to ask yourself if that frustrates you. Altcoins naturally carry leverage in a bull market; even a small fluctuation can be 20-30 points. Surviving is the key to the future.

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