The current market in the cryptocurrency world is truly baffling:
Liquidity is terrible, and the price movements are like a monkey jumping around, with technical indicators basically failing—price changes depend entirely on news and sentiment. Both bulls and bears are being blown up daily, clearly indicating that someone is manipulating the market.
Many exchanges are like makeshift stages, where rules change at a whim. 95% of retail investors have been severely cut down, and the early days where you could make a profit just by buying anything are long gone.
Previously, everyone believed in the cycle rule of 'a bull market every four years', but now with traditional large capital entering the market and ETFs being approved, the rhythm is all thrown off. Additionally, since the arrival of the influencer, the policy changes have been too drastic, leading to increasingly unpredictable market movements that cannot be judged by common sense.
In a word: this market is becoming increasingly difficult to navigate.