Avoid bear market mentality ✍️

in powerclub •  14 hours ago 

Good evening to all my friends. I hope you all are doing well. I am having a good day. Just one day to go for another fantastic weekend. Btw let's talk about crypto market. Bitcoin pumped to $98,000, quite close to $100,000 here. Currently, Bitcoin is trading at $97,000, which became our new all-time high. If i talk about corrections, I can point out support levels that could range between $84,000-$86,000, where prices might test these levels, drop a bit, and then rise again. But what I had mentioned in previous posts was that opportunities like this only come once every four years. So, don't adopt a bear market mentality right now because people often get used to corrections in bear markets, where support levels are respected, and prices dip. However, in bull markets, people think corrections will come but miss opportunities. For example, when Bitcoin was at $40,000, people expected it to drop to $35,000. At $70,000, they expected $65,000. They kept waiting, and the price soared to $80,000, then $90,000. By the time they realized, the cycle’s opportunity had passed. So, the current period is about focusing on the upside. Corrections will come—10%, 20%, 40%, but that could happen at $1,00,000, $1,10,000, or even $1,20,000. Most people in a bull market expect to buy at lower levels but end up buying at the top out of FOMO. So, avoid this mistake.

1000062719.jpg

1000062720.jpg

1000062721.jpg

1000062722.jpg

Right now, capitalize on opportunities. That's my approach. I don't care about selling or waiting to buy lower. Those were concerns for bear markets, and I’ve consistently shared that message. Now is the time when we’ll start seeing returns. In fact, altcoins still present opportunities since the alt market cap hasn't reached previous levels from 2021. There’s a possibility of a 3x growth in altcoins. I’ll share three coins I’m monitoring and trading right now. Aptos currently around $12. It could hit $30-$40 if Bitcoin crosses $100K. Sui which is at $3.5 and might reach $12 in a bull market. Solana is another one you can look between $210 to $220. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!