Opening various communities, the scene is quite surreal. Some are shouting "Buy the dip, buy the dip," only to turn around and say "Run away, run away." The entire crypto circle is panicking over the news of the Federal Reserve's leadership change.

I've been in this industry for many years, experienced the squeeze in 2018, the madness in 2021, and the bloodbath in 2022. Now I just want to say one heartbreaking thing: the most dangerous moments are often when most people's emotions are out of control. Look at the recent market situation—when the Federal Reserve cut interest rates by 25 basis points in December, it should have been a calming signal for the market, right? But what happened? Bitcoin first rose then fell, with 114,600 traders liquidated within 24 hours, long and short positions both being wiped out. What does this tell us? Consensus expectations are most easily exploited by large funds to counterattack retail investors.

Currently, two extreme emotions are particularly evident in the market. One side is blind optimism—believing that new policies will definitely become more aggressive, crypto will usher in a bull market, and then going all-in with leverage. The other side is excessive panic—fearing that leadership changes will trigger a collapse, leading to panic selling. Both mindsets have one thing in common: they are driven by emotions, lacking rational judgment.

My advice? Cool down your emotions first. The specific approach is simple but difficult to execute—spend only 10 minutes each day monitoring leadership change developments, and avoid spamming or constantly watching news. I know this might seem self-torturous for many, but this is the survival rule: the crypto market is an emotional machine in the short term, and a value machine in the long term. Your task is to survive the short term so you can enjoy the long term.