In just a few months, Ethereum plummeted from $4,100 to $1,385, a drop of over 65%, leaving the market in despair.
Those who shouted "buy with closed eyes" and "the bull market is eternal" have almost been completely shattered by this round of decline.
But upon calming down and thinking: why are the main players so fiercely selling off?
In a real bull market, a sharp drop is never a risk, but an opportunity.
If Ethereum truly lost value, the market would continue to decline, rather than violently bounce back after testing key support.
Carefully observe Ethereum's weekly chart:
Touching an important support range ($1,300-$1,400 as the critical point for the previous bull market)
A volume spike with a doji (intense tug-of-war between bulls and bears, but bears failed to break support)
This pattern, in the context of a bull market, is often a reversal signal rather than the beginning of a bear market.
Most people judge bull and bear markets very casually:
If it dropped, is it a bear market?
Swinging with news and policies?
Shorting on rebounds, thinking it will crash again?
These thought processes are planting landmines! The true transition between bull and bear markets requires a complete reversal of fundamentals rather than mere price fluctuations.
If you currently think "the bear market has arrived", any subsequent rebound may cause you to miss opportunities, or even lead to liquidation due to shorting.
The real risk is not the market, but the wrong decisions driven by emotions.
This morning's Ethereum long positions caught by those who followed are doing great, achieving 4x returns.
Next awesome trade is about to be arranged.
Just copy the homework.
Focus today: om magic pepe
