Quote from: capedbaldy on May 31, 2023, 09:29:33 AM

The bear market position is very favorable for traders and investors who have been patient waiting for a market correction, every market pattern will experience a high correction after or before a market recovery occurs, so patience is highly prioritized for traders and investors because you will get high profits from that patience, like investors who have bought BTC at $16k then they are just enjoying the current market conditions for high profits in the bull season

And now it seems that market corrections only occur in very small sizes because of the several corrections that I have seen in the last month, Bitcoin often moves from a price range of $ 26K to $ 28K more, which means that the movement is only around $ 25K and below $ 30 K. While that is also enough to make traders profitable as they usually aim for short term profits, as for investors, I think it is still not enough to make them profitable as they still have to sell short term after buying it.

Because investors who have bought at $ 16K, also have to wait a little longer to get a more decent profit even though the time they use to wait is only a quarter of a year. But that was enough for them to take profits and keep them while continuing to use their basic capital for further purchases when the correction occurs later this year.