The trend of the early bull market is that after altcoins rise, funds immediately return to BTC, which continues to rise. It is not like the kind of "BTC rise, ETH rise, altcoin rise, then pullback" seen in the alternating cycles of the bull and bear markets. In the mid-term of the bull market, there will be a pullback period, and then it will enter the frenzy of the later stage. Therefore, don't try to short the pullback in the short term, or you may get crushed, even if it falls to 80,000 or 70,000, it will destroy you!
I set the start time of this bull run as early morning on November 5th of this year. This is the original text of the post last week.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The trend of the early bull market is that after altcoins rise, funds immediately return to BTC, which continues to rise. It is not like the kind of "BTC rise, ETH rise, altcoin rise, then pullback" seen in the alternating cycles of the bull and bear markets. In the mid-term of the bull market, there will be a pullback period, and then it will enter the frenzy of the later stage. Therefore, don't try to short the pullback in the short term, or you may get crushed, even if it falls to 80,000 or 70,000, it will destroy you!
I set the start time of this bull run as early morning on November 5th of this year.
This is the original text of the post last week.