It is common for bull markets to experience sharp declines.

Even in a strong bull market, it is impossible for prices to rise every single day, because as prices increase, the pressure becomes greater. When the leverage for long positions increases significantly, and there is a lack of upward momentum, the market can quickly plummet as profit-taking occurs, taking down leverage and contracts.

However, when the market sees a decline to a certain extent, it will surge upward again. New smart capital will flow in and continue to drive prices higher.

In this process, we should pay more attention to the changes in the above indicators, make comprehensive predictions, and for those with light positions, look for opportunities to buy on dips, setting limit orders in advance, preparing for significant price spikes.

Currently, both the overall network's position and the perpetual rates and fear-greed index have reached short-term highs, starting to face pressure.

As long as the market experiences a pullback, short-term traders can choose to exit, while long-term traders with light positions can look for opportunities to enter or increase their positions.

Having a heavy long-term position at this stage is an advantage; do not sell at the first sign of a small profit. Hold on tight, short-term volatility is normal.

Correct investment involves planning ahead, laying out strategies in advance, winning strategically, and then engaging in battle, instead of wandering aimlessly, trying to use tactics to reverse an erroneous overall strategy is extremely difficult.

We must understand that in a bull market, 99% of the time, the purpose of a decline is simply to wash out weak hands, to eliminate those who think they can catch every fluctuation and buy low and sell high, the so-called 'smart people', and then initiate a new round of increases.

At this stage, if there is a major pullback of about 20%, it will definitely be accompanied by a fierce V-shaped rebound. In a bull market, regardless of the size of the pullback, it is essential to maintain a strategy of buying on dips.

I am referring to BTC, do not interpret this as your altcoins; altcoins will fall sharply and may not follow a V rebound, which is normal.

Whenever there is a pullback, people start to panic, not knowing what exactly they are panicking about. Some even doubt whether 100,000 is the peak of this cycle, and there are KOLs who share this thought. These are all inexperienced traders who have not gone through cycles.

Trump has not even taken office yet, and old Ma has not even started making moves; has it all ended? Look at what Americans are doing.