Bitcoin and crypto bear market confirmed?

[michellee]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

https://cdn.fileshare.ing/production/ieideeat58.png

Markets go through phases like this all the time and it can feel exhausting watching the same slow grind down. A lot of times what looks like a bear confirmation just turns into a long sideways accumulation before the next move. If you already hold BTC on spot it might be easier mentally to just zoom out a bit and stop trying to catch every short term move.

If you feels tired, you can take a break and leaves the market so that will release your stress watching the market and refresh your minds. You don't have to watch the market all day long but manage your time and just check the market and see how good the movements.

If the move is still not good, you can leave it and do something so your attention can distract and you can leaving the market without hesitation. We don't know for sure what happens to the market, some says the price will still increasing. But we don't know what will happens so we should prepares for anything happens and adapt the current situation

[Leahized]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

I think since you are already tired of trading. So you can abstain for several months, this will save your energy and refresh your mind. As we all know, the Bitcoin market will not always remain the same and will not be stable. Since you have some btc in your spot balance, you can invest some more money. And I think, you should have used that time, which you have already failed. We are now in a bull market position, although there are now about 70 thousand positions. And that's why now the possibility of market reversal has increased several times.

[sana54210]

I understand that the 70k+ situation made people hopeful, and it's always good to have people who are hopeful. But you also need to remember that we are not going to end up with a good return for a long time, and this is just a bear trap and will not last long. There is a war, and oil prices are high, and there is a big possibility of inflation, all of these made bitcoin be higher for a while but when that's priced in, we are going to end up with sellers outweighing once more and won't be lasting long.

USA's unchanged FED rate impacted bitcoin market negatively today and not sure it will continue or war scenario will help bulls to dominate. At this time, we cannot say that we are in bear market because until we are not making lower low, we may assume that we have bottomed out and moved to the net stage of stagnant market condition.