On the first day of work today, I opened the market and saw that BTC had fallen again. Did my mood suddenly lose its beauty? Looking through the group chat again, many people are saying: "The pie has peaked, the bull market is over, run away! ” After seeing this kind of remarks, I was convinced - the market has just dropped a little, and why are you panicking like this? In fact, this emotion is quite common. Every time BTC rises and falls, there are always people shouting "peaking", but is this really the case? Let’s look at the technical aspects first. Judging from the daily trend, BTC did hit new highs in the past few days, but encountered resistance near $126,000 and then pulled back. However, a K-line with a "piercing pattern" was closed yesterday, which is a signal to stop the decline in the short term. What does it mean? To put it simply, the market may not continue to plummet, but enter a stage of shock. At present, bulls still have the upper hand, and the long-term upward trend has not changed. So, don't be scared by a temporary pullback. A correction in a bull market is normal and can even be said to be healthy - it can wash away those unstable chips and make the market more stable. ![]() I joined a lot of communities and observed everyone’s emotions. I discovered an interesting phenomenon: when retail investors are extremely panicked and shout "the bear market is coming", it may often be the time when opportunities are about to appear. ; But when everyone is shouting "go for it" and "it can still go up", they should be wary of risks. This is called "reverse thinking". You can’t make money based on emotional judgment alone. What can really help us make money is solid technology and a stable mentality. You have to know whether it is a bull market or a bear market, whether the trend is up or down. If you can't even distinguish this and always operate against the trend, then no amount of capital will be enough to make a loss. The currency circle is a place that eats people without spitting out their bones. I have said this many times. Here, you can't live long just by luck. If you want to survive for a long time or even make money, you have to make yourself stronger - whether it is technical analysis skills, mentality management, or even position management, all of them are indispensable. Otherwise, I really "can't survive the third episode." ![]() So, is it a bull or a bear now? My judgment is: the bull market is not over yet. Although there are short-term fluctuations, the general direction is still upward. Unless there is an obvious reversal signal, such as a continuous decline below a key support level, there is no need to scare yourself. Finally, I would like to give you a little suggestion: Don’t be biased by the emotions in the group, and don’t let the ups and downs of a day affect your work and life. Markets always have their ups and downs, but your trading plan should be more stable than market sentiment. Watch more, move less, and wait patiently for opportunities, which may be more effective than frequent operations. Okay, that’s all for today. If you feel confused, you might as well calm down, look at the trend again, and think about your own trading strategy. There is still a long way to go in the cryptocurrency industry, let’s go steady together! ![]() Follow me and I will help you penetrate the fog of the currency circle and seize the strongest Alpha! |
2025-10-19