Bitcoin hadn't even gotten a foothold in the new price range when the torrents started to rise sharply. Within a week, we saw low-cap and memecoin rally as well - something that usually happens in the later stages of a bull market.
Some say bull markets are getting shorter. But what I'm seeing is sheer desperation as well. It's like if tokens don't go up now you're losing out.
I remember in late 2019 and early 2020, (3.12 Black Swan), there was a similar market to what we are seeing now. Looking back on that period, we could well call it a bull trap. So is this another bull trap? Or is this just bear market PTSD?
In a market environment like this, staying calm, rational, conducting adequate research and risk management is key. If investors are confused, they may need to re-evaluate their investment objectives and strategies to ensure they are in line with their risk tolerance and long-term planning.