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Regarding the recent performance of altcoins, many people's consensus is that there was no real reason for a bullish trend a few days ago. So now the question is—if the rebound has ended, has the bearish opportunity truly arrived? To be honest, many people are not very enthusiastic about shorting. The current rapid surge seems less like a bottom formation and more like the market makers searching for a more comfortable exit price. Usually, at such times, the subsequent movement is a slow decline.
But this is also a dilemma. Shorting is not impossible; the problem is that you might not see the decline coming, and instead, a sudden large bullish candle could abruptly reverse a few days of downward movement. What about going long? Don’t even think about it; it might just be a continuous downward drift, repeatedly testing your psychological bottom line. Both sides carry risks, and at this point, the question is whether it’s really necessary to participate here.
Waiting for the distribution to be completed, and when it's time to crash, just crash.
Losing money in both directions is not as good as staying out of the market and watching the show.
This is the time that tests human nature the most. I choose to lie flat.
It's not necessary to bottom fish here; wait for signals and then decide.
Waiting for the decline and getting pulled back, this feeling is truly intense
Better to stay on the sidelines, no need to make things worse for yourself
A single big bullish candle can break through the psychological barrier, it's so tormenting
Forget it, I'll choose to lie low and see when this broken market will wake up
Wait a minute, I've heard the saying that the market makers are dumping multiple times, but now I actually don't believe it.
It's better to be cautious, stay flat and observe, and don't let your mindset explode.
In a situation where both sides are losing money, I choose not to play.
In this kind of market, entering is like sending vegetables. Let's wait for the next opportunity.