While we surely right now deserve to at least feel a bit of euphoria, especially after we are the ones that even survived the peak-fear situation of the SEC coming after every altcoin. The price action and all the events of the past days in the market actually perfectly show why we love the Crypto markets so much.
Just after we had hit $31k for the first time in April of this year we also simultaneously had a slow downturn started on BTC, in which we slowly bleed about -20% in just two months. We basically fell from nearly $31k to a local low of just under $25k before retracing.
Chart showing our two-month long slow bleed and then recovery in just basically two big daily candles
But luckily we are in the Crypto markets, a market that is known for its volatility and usually many criticise us for that volatility as you are much more likely to lose your money due to it. But I personally think that as long as you don’t over-leverage yourself and just HODL or even DCA if you want to, you should be fine. Instead that volatility will be more of a blessing than a curse.
As we have experienced now, that volatility is the reason for months long of downward price action to just be erased in literally 48 hours, thus we all should be thankful of that volatility giving us the much needed intensity in Crypto.