How to rationally respond to trading in the current market environment?
Currently, altcoins have dropped back to near their lowest point in nearly a year, or more accurately, around the lowest point of this bull market, with some even hitting new historical lows! Meanwhile, Bitcoin remains at historical high levels.
Many people say that altcoins have reached a point where they can't drop any further!
In the crypto market, no altcoin has a bottom; no matter how bright a star it is, once it experiences a flash crash, the ultimate result is a continuous creation of new lows, with no bottom in sight!
Facing the current market environment, Bitcoin is still near its historical high; whether it will continue to innovate or experience a significant drop into a bull market, no one can provide an accurate answer! What we can do is respond rationally!
During the decline, there will always be a rebound phase, but whether this rebound is a reversal or just a fleeting moment cannot be clearly defined. Just like the current situation, altcoins have already gone through a week of bottoming out, basically clarifying the recent bottom position. Taking this bottom position as a risk management defense line makes our risk coefficient very clear, and the upper selling pressure points are also quite evident. In this market situation, there is no need to overly analyze whether it’s a market reversal or a rebound; we can directly enter the market with substantial positions, managing risk effectively, with losses generally kept within 10%!
For example: Everyone can take a look at my specific strategy in the image below!
