Emotions still dominate prices, but no longer dominate the direction

The crypto market has never been a rational market; emotions still determine price fluctuations in the short term. But unlike in the early days, the control of emotions over the "direction" is weakening. A single piece of good news or a single message can often only cause a short-term rally, but it is difficult to form a trend. This indicates that the market is shifting from being driven by single emotions to a stage where structure and expectations are working together.

This change raises higher requirements for investors: the tolerance for chasing hot topics is decreasing, while judgments based on logic and cycles are becoming more advantageous. Emotions are still important, but they are more like the wind than the rudder.

Understanding this point is essential to avoid being exhausted in repeated tug-of-wars. #加密市场观察