Declaring the bull market over? Too early! See the signs before you act!
Don't be misled by the "bull market is over" noise! It's too early and too arbitrary to conclude it's over yet!
If the bull market truly has reached its end, then the stance must be decisive: immediately sell all stocks you entered the market in 2022 and have held until now! Since we can be sure the bull market has ended, why wait for a pullback to 106,000 points, or even below 98,000 points, before taking action? Decisive exit is the only option!
Last Thursday night's PPI data was completely worthless. Even its authenticity is questionable. Is it worth pouring cold water on the market? The real determinants of market direction are the August non-farm payroll data on September 5th and the August CPI data on September 11th! Whether the market will enter a temporary bear market depends on the results of these two time points.
Any discerning person should clearly see the recent pullback: it's a pre-interest rate cut, a pre-emptive move to gather momentum before the next rally! Those extreme voices calling for a drop to 60,000 or 40,000 are asking for trouble if they aren't blocked! These people are desperate for the price to return to zero. Even if it does fall to 50,000 or 30,000, they still won't dare enter the market, and they'll still cling to their dreams of 20,000 or 10,000. Listening to such talk is a waste of time.
The key to short-term trading lies in four words: follow the trend! Never hesitate when it's time to short, and act decisively when it's time to buy the dip. The key is to firmly adhere to your take-profit and stop-loss orders. Don't engage in subjective predictions; they're just asking for trouble! Just like during the recent Israeli-Iranian conflict, BTC plummeted from over 105,000 points to 98,500 points on Saturday night. Many people were clamoring for a drop to 80,000 or 70,000, but what was the result? The next day, it quickly rebounded back above 105,000 points, trapping countless short sellers! Therefore, anyone who dares to rashly declare the bull market over in the second half of this year is ignoring the facts!
Look at BTC's historical patterns: In each of its four halving cycles, has the bull market ever ended prematurely in August? Never. Bull markets generally end between November and January.
Even if an M-top pattern forms in the short term, what's there to worry about? Just patiently wait for the right-side low to form. Once confirmed, this low will be the starting point for the next upward move.
Stop being distracted by noise. Clearly identify the trend and act decisively. This is the most important thing to do right now. $BTC #加密市场回调 $ETH #Strategy增持比特币 $SOL