The cryptocurrency market has been in a continuous downward trend for nearly four months, which can't help but remind people of similar situations in 2021. Historical laws show that halving events are often followed by periodic small corrections, indicating that the market may usher in a new turnaround from August to September, and the dawn of a big bull market is beginning to appear. However, the reality is cruel. The market has not been able to break through the key resistance level of 73,000. Instead, it started a correction journey from the end of May to the beginning of June. The correction has reached 25% so far, showing the unpredictability and volatility of the market.
We must be soberly aware that the market never acts according to personal wishes. Even mainstream currencies such as Bitcoin are inevitably subject to large pullbacks, not to mention those relatively fragile altcoins. The risk of zeroing out always exists. Therefore, when formulating strategies, we should fully consider the worst case scenario and do a good job of risk management to cope with possible market changes.
In my opinion, the current market correction and wash-out are actually accumulating power for the upcoming big bull market. This is a contest of patience and strategy. Missing the layout opportunity at this moment may mean losing the ticket to participate in the next round of feasts. Therefore, I suggest that investors maintain their current positions and be mentally prepared to remain firm even in the face of the risk of zero. Now is the best time to plan trading strategies, adjust your mindset, and conserve your energy so that you can react quickly and seize opportunities when the market picks up.
The market rises and falls like the tide. Only those investors who can see the trend and adapt flexibly can win the future in this cyclical process. Let us welcome the next wave of the cryptocurrency market with a more mature and stable attitude.