Is the crypto market still in a bull market?

Currently, I believe the overall market is approaching a phase bottom, especially as altcoins are generally plummeting, with many coins having already halved in value, and retail investor sentiment is largely fearful.

In my view, this round of decline is caused by human factors, aimed at suppressing the market. I hope everyone can control their emotions now, rather than inquiring with bloggers about the trends of a particular coin. Don’t easily waver your judgment just because others casually say they are not optimistic about the coin you hold; this will only increase unnecessary anxiety. If you are trading spot without faith (in a coin you recognize), then you really shouldn't continue participating in this market; you will eventually get burned.

If you are a contract trader and believe the bull market is not over, then you should remain patient and not rush to enter the market. The market may continue to rise; if you are shorting just for the sake of a meager profit, that is unwise. Even if you happen to make a little profit, it’s just luck, and in the future, you may still get trapped because you have not fully considered the risks.

If you believe the bear market has arrived, then I can only wish you good luck. After all, in a bull market, the rhythm of capital rotation is generally: Bitcoin > Ethereum > Altcoins. Currently, capital is flowing into Ethereum; you can check the inflow of Ethereum on Coinbase. (Shorts may have a different view, but I hope you will allow me to express my opinion.) For contract traders, I want to emphasize: always set stop losses when entering a position, and never blindly hold onto losing trades. Every day, we see many people holding onto losing trades asking if they can break even. Our goal is to earn stable returns through reasonable risk control, not to blindly hold onto large amounts of capital and then fail to secure profits when the market reverses. (A common issue for most people: they can hold on when losing, but can’t hold on when making money.)

For more trading tips and real-time following prompts, you can follow the madman himself! #狂人谈币