Take a look‼ ️How to get out of the bear market before it comes❓
As the saying goes, those who can buy are apprentices, and those who can sell are masters. Looking back at the bear market three years ago, how many people were trapped, and how many people went bankrupt due to the sudden plunge?
👇🏻Let me introduce below, two strategies to ensure you have the right time to exit in this bull market
1️⃣Use price as an exit strategy:
🔻This is a strategy mainly used for altcoins. The price refers to the historical highest price. The price should refer to the increase of 10 times or 20 times from the bottom rather than based on your entry price❗
2️⃣Exit strategy based on time:
The cycle corresponding to time, and the cycle setting in the crypto market is Bitcoin, and Bitcoin follows a four-year cycle according to its halving schedule🕔
The halving has a huge impact on BTC prices as production decreases causing prices to increase. According to historical data, every time Bitcoin is halved, it will create a new all-time high price💥
🔻However, this year is unusual, because in January sec approved the Bitcoin ETF, a large amount of funds rushed into Bitcoin, causing Bitcoin to hit a record high before the halving.
Referring to the fact that the peak of the previous bull market is one year away from the Bitcoin halving, this bull market may reach its peak at the end of 2024 or early 2025.
🔻Once time and price reach our exit range, we can sell using dollar-cost averaging.
♦️If your goals are met and you stick to your plan, you will leave this bull market satisfied. Just forget about it for a year or two. You can re-enter the market during the next bear market.
🔻Original link: https://mp.weixin.qq.com/s/umTYuwAEKdpfxipXxgcs7A
🔻Opinion source: @区块链头条
