$BTC this kind of repeated fluctuating market is the easiest to mess up the mentality, to put it bluntly, it is fighting for who has more patience. The long and short are in a stalemate, waiting for each other to admit defeat first, and the market is showing a 5-to-5 situation, which is really uncomfortable.

But if you think about it carefully, the crux of the problem now is not who can't bear it first. The problem is that the capital structure has been reconstructed. Retail investors can be honest, they can't influence the general direction of the market. And predicting this thing is already very mysterious. The real big money has already arranged the position properly, these shocks we see? It may just be that people are changing positions and adjusting positions.

Instead of worrying about the market mentality, it is better to calmly see if the fundamentals have changed substantially. At this point, technical analysis has basically stopped, and the key is to aim at the macro environment and policy trends. The easiest pit for retail investors to step on is to be repeatedly fallen in shocks, resulting in losses on both sides.