$BTC #Bitcoin

The market has been in a consolidation phase for a month, and the bear market is characterized by a noticeable decline in volatility, a decrease in trading volume, and a lack of market vitality, with no new participants entering.

Many people try to buy the dips on altcoins during every drop, but it is important to understand that altcoins have no intrinsic value; profits can only be made in a bull market by taking advantage of emotional trading to earn some premiums.

In a bear market, if you want to make long-term investments, you can only focus on Bitcoin and adopt a strategy of buying in batches, which is the way to trade spot.

Remember one thing about contracts: do not chase highs easily, as there are too many trapped positions above, and a reversal requires significant volume; it is advisable to consider selling high when faced with resistance and falling back, which is a trend-following strategy; going long can only be chosen after breaking out of a bottom structure and buying low.

Of course, when the market is not performing well, going to cash is also an option $ETH $BNB #美国非农数据超预期