Don't underestimate this bear market.


Many people see the 60k-70k range fluctuating and fantasize about bottom formation, institutional accumulation, ETF rescue, but it's time to wake up.
Historical bear markets have been cut in half repeatedly, 80% declines are the norm, 60k is definitely not the bottom, 40k, 30k are completely possible.
There are no impossibilities in crypto, bulls don't call the top, bears don't call the bottom. Positions we thought were unbreakable before all broke, and institutions ran away all the same.
The most dangerous thing right now is psychological numbness: anyway, I've lost so much, it doesn't matter, I'll just hold on. This is a typical late-stage bear market symptom that only ends in panic selling at the lowest point.
Don't judge by old experience. Before, after many dips came rebounds, now after many dips people just become more desperate.
Before trying to catch the bottom, ask yourself: can you hold until 40k or even lower?
If not, don't fool yourself calling the bottom.
The most painful part of a bear market isn't the decline, it's being ground down until you doubt your life.
$BTC $ETH
BTC1.06%
ETH1.47%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin