The market rebound is not a new birth; don't mistake fireworks for a rising sun.
When the crypto market rebounds, the sentiment is like a firework that has been ignited, brilliant yet fleeting. The problem is that many people always mistake fireworks for the rising sun, only to find themselves trapped halfway up the mountain before dawn breaks. This wave of rebound is actually a brief resonance between capital and expectations. Some institutions are bottom-fishing, combined with short covering, pushing the market up. Once everyone sees it in the red, they immediately envision it as the "prologue to a bull market." This kind of "self-fulfilling climax" is the most common scenario in the crypto world. But upon closer inspection, the macro environment has not improved significantly. The shadow of interest rate hikes still looms, and regulatory actions could happen at any time. In other words, the current market feels more like it's "pretending everything is fine" rather than having completely resolved the issues. So, don't rush to fantasize about a doubling market. Smart people see rebounds as a window for reallocating assets, rather than a signal to bet on a bull market. After all, in the crypto world, there will always be countless fireworks-like illusions before the real dawn arrives.
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The market rebound is not a new birth; don't mistake fireworks for a rising sun.
When the crypto market rebounds, the sentiment is like a firework that has been ignited, brilliant yet fleeting. The problem is that many people always mistake fireworks for the rising sun, only to find themselves trapped halfway up the mountain before dawn breaks.
This wave of rebound is actually a brief resonance between capital and expectations. Some institutions are bottom-fishing, combined with short covering, pushing the market up. Once everyone sees it in the red, they immediately envision it as the "prologue to a bull market." This kind of "self-fulfilling climax" is the most common scenario in the crypto world.
But upon closer inspection, the macro environment has not improved significantly. The shadow of interest rate hikes still looms, and regulatory actions could happen at any time. In other words, the current market feels more like it's "pretending everything is fine" rather than having completely resolved the issues.
So, don't rush to fantasize about a doubling market. Smart people see rebounds as a window for reallocating assets, rather than a signal to bet on a bull market. After all, in the crypto world, there will always be countless fireworks-like illusions before the real dawn arrives.