Bull or Bear: And What's next?
Bitcoin is in a confirmed bull market, but we are not yet at euphoric levels seen in past cycle tops. On-chain data suggest room for upside, but some profit-taking is happening.
Last cycle, I sold everything I had when ETH dropped by 50%, from $4.3k to $2.15k, around June 2021.
I was exhausted from the bull run, researching and working non-stop without any breaks. Mentally burnt out, I wanted it to STOP. When my portfolio dropped by 50%, I thought it signaled a bear run. I sold and felt relieved.
Then ETH corrected and pumped 125% to $4.8K. I was sidelined but at least farming good yields on stablecoins.