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After Bitcoin stabilized at $ 50,000 and its market value had broken through one trillion, this round of bullish markets has entered the midfield." So, Generally speaking, a bull market There are three stages of convergence:
The first stage, the first half . The visionaries believe that the bull market has started, and most people don't realize it or they doubt the bull market. After the market recovers and breaks its previous high (previous round of bullish market), when all the locked disks are released, most leeks can't believe that the bull market will continue, and will instead choose to sell as soon as it can. The sell-off of leeks formed a selling slab near its previous high. After the resistance level is broken, the market will accelerate upwards, leaving green onions coming out of the car. From the end of 2020, Bitcoin broke through 20,000 dollars and declared the bear market would be completely over. It will be the first half before breaking over 50.
Strategy: Complete the bottom positions in the bear market below $ 20,000 and close some positions appropriately in the first half.
Second stage, midfield . Most people realize that the bull market has started, the media is starting to hype, and new leeks are storming the market. At this stage, the once-gone sickle has returned to the industry, and various copycat projects have started getting into trouble and issuing coins. Hot money is pouring in, and zombie projects are starting to come to life, often suddenly starting to attract when Bitcoin is trading sideways at high levels. Suddenly, there were more new leeks asking how to buy coins, and the little fresh meat that had just entered the market didn't know which sickle to harvest.
In fact, it's more embarrassing to get into midfield, and it's too late to understand. All projects are overvalued, and more importantly, in terms of overall improvement, it is difficult to distinguish good projects from bad projects. Leek just started asking one of the most frequently asked questions as soon as Bitcoin was very expensive, "Is there anything else you can buy besides Bitcoin?" Then there were two results, one scythe which was instantly ignored. If you cut your point, you will stop thinking about it. This kind of loss is a kind of luck, because it avoids a bigger loss in the market prospects; the other was to take advantage of the spring winds of the bull market to taste the enthusiasm in the second half. When it comes to sweetness, this kind of advantage is poison,
There will be repeated shocks and washes in midfield that will test the endurance. Many people who enter early and are profitable will choose to profit from the car out of fear of heights and fear of an end to the bull market. It will also cause more selling pressure in the market, thus pushing up the Sideways and continuing to break the resistance. The test this time is the patience of holding a coin. Hold bitcoin firmly and don't get out of the car, hold bitcoin firmly, and don't be distracted by various wild coins, and exchange bitcoins in your hand to win victory in midfield.
Strategy: Stop adding positions and hold Bitcoin. Calmly watch other people's performances.
The third stage, the second half . Everyone believes that the bull market will continue, and no one thinks that the bull market will end soon. When Bitcoin breaks through 100,000 knives, stands at 120,000 knives, and even reaches the critical psychological threshold of 150,000 knives, around 1 million RMB, the whole market sentiment will really ignite, and people will continue to watch as high as 200,000 knives. , 25 Ten thousand knives, 280,000 knives, even 300,000 knives, 330,000 knives, and so on are getting higher and higher every day. The midfielder entered the field and tasted the sweetness of the green onion, he would bet wildly, raise his position arbitrarily, and the story of getting rich overnight, everyone felt that he was a genius at coin speculation.
Strategy: Lighten up at a planned point to prepare for the next cycle. For long-term currency holders who are not staying in the market, they too can continue to hold on and have the next round of bullish markets without reducing their positions. It is also a safer and more worry-free method.
In short , there are three stages of a bullish market: in the first half, the visionaries believe that a bullish market has started. In the midfield, most people are aware that a bullish market has started. In the second half, everyone believes that the bullish market will continue.