It's been a long time since I've written an article, today coincidentally I have completed my graduation project, so I’m putting up an analysis for anyone reading who has a plan to handle the current market situation.
In fact, if anyone observes well and has a foundation in market analysis, they would have noticed that since December 2024 the market has already been bad, not just currently. During the December 2024 - January 2025 period, I shared quite a few articles about the market entering a long-term downtrend, and enough bricks to build a house 🙂. Up to now, the market has been operating exactly as it functions "extreme prosperity must decline".
Currently, the coin market is entering a down wave, so the decline process will have a rebound wave, and for those who are losing due to holding or futures, I have the following advice:
The weekly chart of many altcoins has dropped quite deeply, almost ready to form a new bottom. Therefore, if BTC has a strong dump down to the 8x range and then pulls up, the probability of altcoins having a strong rebound is 90%.
However, the general dump waves across the market will be very fierce, so to ensure DCA, or futures long orders are not liquidated, the entry price should be a sufficiently large distance from the current price, depending on the coin. And I advise everyone that if you can catch it, it’s best to take profit quickly within 1-2 weeks and then withdraw. The longer it takes, the more likely it is to continue negative.
Please note: Money is yours, please take responsibility for yourself.
P/s: By the way, I need to find a position related to sysadmin or devops or some related jobs for an intern in Hanoi, if anyone has a job for me, please let me know 😶, I can work full-time.