The bull market has only just begun—don’t keep fixating on those so-called “prior highs.”
Many people, the moment price starts approaching the old high, begin to get jittery: Is it the top? Should I get out?
That kind of thinking may work in a bear market or a choppy range market, but in a real bull market, it’s often the easiest mindset to make you miss out.
A true bull market is never simply a single wave of gains that ends. Instead, it advances wave after wave. After the first wave rises, there’s a pullback to digest the profit-taking, and then the next wave comes. Moreover, the new peak is higher than the previous wave’s peak, and the new low is also higher than the previous wave’s low. This is what people mean by “wave after wave, higher highs.”
Why does this happen?
Because the underlying logic of the bull market changes. There’s more money, confidence returns, new stories emerge, and the profit-making effect starts to spread. What used to look expensive now looks cheap. What used to make people afraid to buy now draws everyone rushing to buy. Prior highs are no longer resistance; instead, they become support. After a breakout, a retest confirms it—once it holds, it becomes the new starting point.
You can think of it like climbing a mountain. At the beginning, that first little hill seems already very high. But once you get up there, you realize there are even taller mountains ahead. After climbing one peak after another, you look back and see that the original “prior high” has long since become flat ground beneath your feet.
So don’t obsess over whether it’s “near the prior highs” right now. The real questions are: Is the logic behind this rally still there? Is capital still entering? Is the profit-making effect still spreading?
As long as these are still present, the prior high is only a stop along the way—not the destination.
In a bull market, what’s most dangerous is not how high prices rise, but that you scare yourself and get off too early. Many people miss the bigger行情 (later, stronger trend) precisely while hesitating—thinking, “Should this wave pull back already?” “The prior high pressure is too great.”
Remember one line: A bull market is just beginning—what do prior highs matter? “Wave after wave, higher highs” is the normal rhythm.
Hold what you should hold, and wait for the next wave. $ZEC $ZAMA $NEAR
Many people, the moment price starts approaching the old high, begin to get jittery: Is it the top? Should I get out?
That kind of thinking may work in a bear market or a choppy range market, but in a real bull market, it’s often the easiest mindset to make you miss out.
A true bull market is never simply a single wave of gains that ends. Instead, it advances wave after wave. After the first wave rises, there’s a pullback to digest the profit-taking, and then the next wave comes. Moreover, the new peak is higher than the previous wave’s peak, and the new low is also higher than the previous wave’s low. This is what people mean by “wave after wave, higher highs.”
Why does this happen?
Because the underlying logic of the bull market changes. There’s more money, confidence returns, new stories emerge, and the profit-making effect starts to spread. What used to look expensive now looks cheap. What used to make people afraid to buy now draws everyone rushing to buy. Prior highs are no longer resistance; instead, they become support. After a breakout, a retest confirms it—once it holds, it becomes the new starting point.
You can think of it like climbing a mountain. At the beginning, that first little hill seems already very high. But once you get up there, you realize there are even taller mountains ahead. After climbing one peak after another, you look back and see that the original “prior high” has long since become flat ground beneath your feet.
So don’t obsess over whether it’s “near the prior highs” right now. The real questions are: Is the logic behind this rally still there? Is capital still entering? Is the profit-making effect still spreading?
As long as these are still present, the prior high is only a stop along the way—not the destination.
In a bull market, what’s most dangerous is not how high prices rise, but that you scare yourself and get off too early. Many people miss the bigger行情 (later, stronger trend) precisely while hesitating—thinking, “Should this wave pull back already?” “The prior high pressure is too great.”
Remember one line: A bull market is just beginning—what do prior highs matter? “Wave after wave, higher highs” is the normal rhythm.
Hold what you should hold, and wait for the next wave. $ZEC $ZAMA $NEAR