The bull market has arrived, what makes you think that now is the peak?
As the saying goes: shorting in a bull market will leave you poor for three generations. The so-called bull market is simply marked by rising prices! Bitcoin rises, followed by other mainstream coins rising, then altcoins rise, and finally, the star coins of the primary market explode. This logic is not a rule or experience, but rather the order of large capital's exit from the bull market, gradually moving from low risk to high risk.
However, even in a bull market, no market rises in a straight line. From the market perspective, there will be shadows, death cross, reaching the upper Bollinger band, Fibonacci key levels, etc., misleading market participants with signals to short. From a psychological perspective, as prices continuously break new highs, speculators often believe that reaching a certain price point is the peak, and this price point is generally an integer level. At this point, it must be mentioned that people cannot earn money beyond their understanding! The so-called highs and lows are relative; if a person participates in the two-way contract trading market from an absolute perspective, they will either stop loss or face liquidation. The reasons are as follows:
1. The basic characteristic of a bull market is that the bottom rises, and the highs rise, forming a regular or irregular rising channel. This means that even if there are shorts, they are only slight pullbacks, or merely consolidations at key levels.
2. The reason for the emergence of a bull market is precisely because the bullish support below is very strong, while short sellers are taking profits or even incurring losses and continuously exiting, causing the previous high points viewed to turn into starting points within several time cycles.
Therefore, in a bull market, there is a saying: be bearish but do not short! Most short positions reflect long positions taking profits and exiting rather than strong short entries, which means that at slightly lower levels, bulls will immediately seize the opportunity, leading to a collapse of the shorts.
For some participants whose fundamental news is too lagging, technical aspects are not comprehensive, and psychological aspects are not mature enough, they can either follow others to trade contracts or invest their limited funds in the spot market, holding onto coins and waiting for a rise, with many coins being king!
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