HYPE is getting more and more like a "speculative stock"!

Bears: I just want to arbitrage, not to be lifted away

This round of HYPE market has evolved from "rising" into "mysticism".
Why do I say that?
Because many indicators have already failed.
Overbought? Keep rising.
Divergence? Keep rising.
High volume? Still rising.
Bears analyze technicals every day, bulls do one thing every day:
"Buy."
As a result, those analyzing lose their minds, while those blindly rushing profit wildly.
Many people ask me if they can still chase now?
My answer is very realistic:
Yes, but don’t expect to buy at the lowest point.
Because real big trends never give everyone a comfortable entry opportunity.
You wait for a pullback, it might only be 3%;
You wait for a crash, it might jump 20% again.
The most dangerous thing at this time is not chasing high, but "FOMO" (fear of missing out).
Many people see others making money and feel worse than losing money themselves.
So they impulsively open positions, ending up catching knives at high levels.
What is my current approach?
Before the trend breaks, I don’t easily short.
Because the core logic of the market now is not value, but emotion-driven.
Once emotions become consensus, extremely absurd acceleration will occur.
That’s also why many veteran traders can’t make money in the "monster coin" market.
Because they are too rational.
And monster coins are the least rational.
The more you think it’s unreasonable, the more it rises to show you.
But note, all speculative stock markets have a common ending:
When rising, they seem divine,
When falling, they seem like a roller coaster.
So I won’t hold long-term blindly, but take profits in stages.
Many people lose money not because they don’t know how to buy, but because they don’t know how to sell.
Profits of 200% are hard to part with, but eventually the profit retraces to negative, and they comfort themselves with "long-term value".
In the end, what they get long-term is not value, but zero.
What does HYPE look most like now?
Like a gambler who has already had too much to drink.
It might continue to go crazy, or it might smash the glass and flip the table in the next second.
So I will participate, but I won’t believe in it. #HYPE再度领涨