Recently, this wave of liquidity has been quite scarce, the market looks like an empty room, and those wanting to buy the dip keep reaching out and pulling back... I'm just an ordinary person, so I need to think clearly: surviving is more important than catching the bottom. To put it simply, don’t over-allocate your positions, and avoid leverage altogether, keep some bullets and emotional buffer, only then do you have the qualification to talk about “cycles.” A couple of days ago, I saw that kind of collapse pattern in blockchain games again: inflation keeps coming, studios pull back from mining, and the coin prices spiral downward directly, no matter how hot the narrative gets, it can’t withstand the cash flow break. Anyway, I’m just slowly buying and waiting now, even if I buy wrong I can still sleep well, for now that’s how it is.