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The bull run has ended!!!
Will there be a violent washout before Trump takes office or will a new bear market officially begin?
From December 10th to today, the overall market value of cryptocurrencies has been in a downturn for more than a month. Although there has been no waterfall-like drop of 20-30-50% in a day, there is always a sense of an impending bear market. In the past, every Bull Market would experience a washout and callback, but it often quickly rebounded after a rapid decline, unlike the current downturn. I believe that many people's spot positions have returned to the level before November. Will this round of Bull Market come to an end and enter a bear market, or will there be a deep callback and washout?
Actually, I think that when the market is facing such extreme uncertainty, it is not very meaningful to talk about whether it will rise or fall. The most important thing is to keep some ammunition. Whether Trump takes office next, the market goes up or down, what you should do before that is to try to clear your position as much as possible. Regardless of the future trend, do not take that last potential profit, as the risk does not match the return!
There is still one week before Trump takes office. In my opinion, whether it's a bull run or a bear market, there will be a waterfall-like crash next week. Now everyone can liquidate their positions first. If there is a bear market crash, you can buy the dip for profit. If there is a bull run crash, you can hold more chips!