What are the basics of a "bear market"?

Don't chase the rise…

The market itself is extremely lacking in liquidity.

Don't rush in to chase the long position just because you see one or a few bullish candles on the daily chart.

If there is insufficient buying power afterwards, most of the time it will return to the previous levels with a choppy decline…

This market is only suitable for high selling and low buying at key positions and at the highs and lows of phases.

In a choppy market, operate with a choppy mindset; it is also more suitable for choppy traders.

Chasing the rise and cutting losses can lead to a very painful outcome.

It's not the kind of situation where you blow up your account with a single bet.

It's the kind of continuous pain where you keep opening positions, constantly stop-lossing, and your funds keep shrinking.

It will also continuously undermine your confidence…

Don't ask me how I know this.

Go experience it for yourself. 🙃🙃🙃

btc

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