Recently, a friend asked: "Can we chase the rise now?"

At present, a large amount of new funds are pouring into the market, and many small currencies have reached new highs in advance. This phenomenon may indicate that the market is about to reverse, suggesting that a larger wave of market conditions is coming. Faced with such market dynamics, many investors may have the urge to chase the rise, but at this time, position management is particularly important.

When the market rises, our strategy should be to sell positions in batches, take advantage of the high market sentiment to sell high, and buy low when the market adjusts, rather than blindly chasing the rise. The key is that we must learn to buy when "no one cares" and sell when "people are talking". This reverse operation strategy can help us make better profits in a volatile market.

Next, the currency market will be affected by two major events:

1. The general election on November 5

2. The interest rate meeting date on November 6-7

Looking back over the past few months, the performance of altcoins has fluctuated, with an overall downward trend. Only a few meme coins and a few public chains have performed relatively strongly. This kind of market crash and clean-up has also appeared in previous bull markets, but this bull market is more violent and slow. However, once a big market comes, even if it has experienced a few months of decline before, the price of the currency can rebound quickly in just a few weeks.