Today is June 6, 2025.
I have a Binance account with a principal of 1.5 million, and my goal is to achieve an eight-digit total return in this bull market.
The Dragon Boat Festival and Children's Day have passed, and the first half of the year is coming to an end; 2025 officially enters the second half.
Looking back at the first half of the year, it can only be described as 'tragic'. Ethereum, this trillion-dollar second, saw its price fall from a high of $4100 to a low of $1400. Altcoins fared even worse, with many coins dropping by several times and constantly hitting new lows.
Market sentiment is extremely fearful, with a one-sided belief that the market will continue to decline. Despite Ethereum rising from $1400 to $2700 in May, people remain pessimistic about the future, thinking it’s just a rebound and that a larger drop is still ahead.
Altcoins have been abandoned by the market, with many believing that only Bitcoin has potential, while other coins are meaningless; buying them only leads to losses.
This scene reminds me of the last bull market's journey.
At the end of 2018, Bitcoin bottomed out, the bear market ended, and the bull market showed signs of recovery. In 2019, Bitcoin saw a several-fold increase, and the market was optimistic, believing the bull market would continue the slow bull trend of 2015-2017.
However, the '312' crash on March 12, 2020, shattered this illusion. The market was filled with panic, people sold at a loss, believing that blockchain was a scam and Bitcoin was no different; 2017 was the industry's peak.
But just when everyone was pessimistic, Bitcoin continuously rose from $3000, breaking through $5000, $8000, $12000, and $20000. People around me kept saying it was just a rebound, yet they watched Bitcoin set new highs, eventually having to admit that the bull market had indeed arrived.
At the beginning of 2021, Bitcoin rose to $40,000-$50,000, while altcoins performed mediocrely. Many people only bought Bitcoin, and as a result, from February to April 2021, Bitcoin consolidated, while altcoins surged, with many coins rising by dozens or even hundreds of times.
During this bull market, when Bitcoin performed strongly, many people began to blindly buy altcoins, believing that all altcoins would rise because they remembered the crazy market from February to April 2021.
And now, market sentiment has returned to a situation where Bitcoin is strong while altcoins are neglected.
The last bull market showed that retail investors always make decisions based on existing market fluctuations.
When Bitcoin rises, buy Bitcoin; when altcoins don't rise, consider them bad. Then when altcoins surge, blindly follow the trend and buy, which is a typical case of chasing highs and cutting losses.
Being price-oriented, chasing when it rises and selling when it falls, how can one capture the best entry and exit timing?
This is why I have always emphasized value investing and technical analysis.
Only by deeply analyzing the value of the industry, studying the value of the coins you invest in, and judging from the market whether they are at the bottom or the top, can you dare to hold when the market is pessimistic and decisively sell when the market is crazy.
For retail investors, the main players and large institutions are not so kind; they won’t help you make money but will find ways to turn you into their target for profits.
What you see on the market, the news, are all traps set by the main players, aimed at tempting and misleading you.
Therefore, we must learn to think independently, not be swayed by market emotions, and adhere to value investing to establish ourselves in this market.
Recently, the market has been volatile; let’s stay calm, patiently watch key levels, and each operation should be like hunting prey; when the opportunity arises, strike decisively and easily reap the rewards!
