Recent market pessimism is widespread, with some believing that the 'shanzhai season is over'. However, the 10 common bull market top signals have not yet appeared, indicating that this bull market may not be at its end.
The strategy I suggest is: if five out of the ten signals below have appeared, it is advisable to reduce positions.
1. Sudden interest in cryptocurrency: When people around you start frequently asking about cryptocurrency or investment advice, it usually means the market is entering a late stage, with retail interest surging.
2. Bullish sentiment is everywhere: Everyone becomes overly optimistic, no one is bearish, and skepticism disappears.
3. Cryptocurrency enters mainstream media: When cryptocurrency frequently appears in mainstream media, it could be a top signal.
4. Positive news fails to boost prices: Even with significant positive news, prices no longer rise, and may even drop quickly due to negative news.
5. Upward trend collapses: The market shifts from higher lows and highs to lower lows and highs, with momentum weakening.
6. Coinbase ranks first in US app stores: Apps like Coinbase reaching the top indicates that retail FOMO has peaked.
7. Showcasing profits: Social media is filled with content flaunting wealth, dominated by greed.
8. Resignations abound: Newcomers quit their jobs due to short-term windfalls, announcing full-time dedication to the crypto industry.
9. 'Abandoned' projects begin operations: Forgotten or outdated projects are revived due to hype.
10. Crazy price predictions are everywhere: Players tout unrealistic price targets, suggesting mindless holding.
Conclusion: None of the 10 signals have appeared, the bull market may not have peaked, and the current trend may be a buying opportunity. Future attention should be closely paid to trends, social media, and price reactions.
