I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
When facing a bearish market condition, it's a good idea not to panic too much. The condition of the bitcoin price correction that has occurred recently is only temporary. Fundamentally, the price of bitcoin is still strong and will increase again. Therefore, always monitor the market trend which is bearish. If we are able to analyze the trend, then you can make a profit even if the market conditions are not good. The key is to stay calm in the face of price swings. With a calm mind, it is not impossible that you will benefit at that time.