Many frens don't understand why such a deep Long Wick Candle appeared in the Bull Market yesterday without any news. So I want to ask everyone, is the Bull Market really just a market where prices only rise and never fall? Is it really a situation where you can make money just by participating? Isn't it the rhythm of the dealer giving out money? Will there be such a good thing? I have mentioned many times that the Bull Market is often when everyone suffers the heaviest losses. Why don't we analyze it and hope everyone can adjust their mentality.

First, emotions are influenced and will not bring stop loss, because you know that the Bull Market will still rise here. Then I want to ask you, who can accurately and perfectly see the Depth of pullback in the Bull Market? Just like yesterday's pullback with a space of nearly 15,000 points, who can predict it accurately? So bringing a stop loss is undoubtedly a correct choice.
Secondly, the cases that everyone has seen are too many, such as entering at the lowest point and holding it until a certain point. Many people also have this mentality to seize this opportunity, such as the Favourable Information brought by Trump's inauguration, BTC continues to rise. I believe there must be many frens who bought in at 70,000 or even 60,000 and sold at 100,000, but this is still a minority for the crypto world as a whole. You have to know that if someone catches the bottom and chases rising prices, there will definitely be someone guessing the top and chasing the empty. Many frens chased the empty at 75,000 and were trapped at 100,000, and now there is still a chance of breaking through the market, trapping deeply and reluctant to play people for suckers, and if it really rises, they will get liquidated. So don't let those cases influence your thinking too much, after all, they are all in the minority, just like winning the lottery among millions.
The third point is that many fren who have suffered losses are prone to the situation of unrealized gains and losses, and they panic as soon as they have a little floating loss. This is definitely a common mentality of many people who have suffered losses. They don't take profit when the floating profit is 800 points, but they are scared away when the floating loss is 500 points. They always want to enter the market in the most perfect position, but who can really control the position perfectly? It's still a mentality problem. Greed leads to losses due to blind market entry. The market still needs to be watched more. It's better to miss than to make mistakes, because you never know when the dealer will liquidate which position.
...And so on, with so many situations, most of them are due to these three reasons. Speaking of this, I hope that friends who have the above-mentioned situations can make adjustments, and friends who have been profiting consistently in the bull market should also take it as a warning. Finally, many friends are wondering how long the bull market will last. The market will probably continue until the first quarter of next year. Long wick candles are common in a bull market, and prices will continue to be baptized by this short-term fluctuation. Every major drop is to clear out the heavy positions of the longs. Friends who control positions, remember to stay defensive. Don't be in chaos just because of a big dump. There is never a lack of opportunities in a bull market, and you need to ensure you have the chance to turn things around.
Let's talk about the situation on the news front again. The Federal Reserve's interest rate meeting on December 18-19, and there is a 66% probability of rate hike in Japan in December. If there is a rate hike, there will definitely be fluctuations in the market. After the fluctuations, unfavorable information will be released and favorable information will be filled immediately. There may be some short-term actions, so don't be influenced by emotions. We need to understand that although the rate hike in Japan in December may seem like negative news, it is also their last rate hike, so this unfavorable information will soon be transformed into favorable information. The US stock market and the crypto world are currently in a bull market cycle, and the impact of this adjustment is usually absorbed by the market within 1-2 weeks. Therefore, around the 20th of this month, it might be worth looking for opportunities to catch the bottom for shorts.
Finally, I wish everyone a happy weekend here. If you need anything, feel free to contact me. Brother Chen will always be here. #BTC #ETH #GateioInto11 #比特币