Crypto海绵
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The current trend is basically replicating the situation from 2021, when the smallest pullback would mean we need to break through 94K again and close on the daily line to consider it completed.
In fact, today's strength is even stronger than in 2021.
Of course, if you think that it's certain we will drop below 80K in 1 to 2 months and the bull market is over, then selling now is completely fine, as you have already seen the potential downside risks.
It's really difficult to sell precisely at the top, but judging the trend is relatively easy. The most important thing now is to take profits in a timely manner, just like on April 1st this year and in November 2021, when confirming the end of the bull market.
From the current indicators and trends, the bull market hasn't reached its end yet; we're still far from that point.
However, the adjustment must end by December 20th at the latest, then we need to resume the upward trend.
In fact, today's strength is even stronger than in 2021.
Of course, if you think that it's certain we will drop below 80K in 1 to 2 months and the bull market is over, then selling now is completely fine, as you have already seen the potential downside risks.
It's really difficult to sell precisely at the top, but judging the trend is relatively easy. The most important thing now is to take profits in a timely manner, just like on April 1st this year and in November 2021, when confirming the end of the bull market.
From the current indicators and trends, the bull market hasn't reached its end yet; we're still far from that point.
However, the adjustment must end by December 20th at the latest, then we need to resume the upward trend.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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