Why, after being bullish for the past year, have I never changed to being cautious like in the past 2 months, and playing altcoins with a very tight stop loss? Simply because #BTC is currently retesting the OLD TOP, not like most experts are pointing at the peak and saying it is the BOTTOM, just to frantically buy assets that have NO BOTTOM like altcoins. If you play at this stage, in addition to a tight stop loss with alts, you must take refuge in BTC and #ETH, because when the ETFs are approved, these two assets will increase in price first to check the supply, not the piles. garbage you guys are dca.
Maybe it's because on#Xthere are so many new deaf chickens who aren't afraid of guns rushing to play and trying to show off their "fearlessness" after the#ElonMusk salary event, so most of them don't have a sense of difficulty - ease. of each market phase. For example, during the BTC 15k-20k period, it was the same as now, extremely difficult because the market maker kept checking the demand to try to answer the question: who else DARE TO BUY? As long as it lasts, the price will increase. Just like now MM is trying to answer what the supply is like, is there still demand? If no one wants to buy high, the price will collapse.
Things are easiest in the knee stages (from 30k up) and shoulders (before retesting the peak at 69k). The position preparation phase has passed since BTC was at 30k (to collect is to collect from here and to come here is to start being satisfied with profits and capital management), coming here is to both bet and look, not just Fight with faith and hope.
I also hope that this testing period will pass quickly so that it heals, but when the whole market's consensus is up to 90% in a LONG-LONG area, it's not quite right.