This is the truth of the market and also the fate that most people repeat over and over.

If you've experienced more than one complete cycle in the crypto world, you'll realize a cruel but real fact: the market is never about making money by "judging the right direction," but about "standing in the right position" to survive. And most people, coincidentally, always stand in the most dangerous position at the most critical moments.

**Phase One: Despair Period — When the chips are forced out, opportunities have room to emerge**

True despair isn't about the price dropping itself. We've seen many days of falling prices, so you get used to it. True despair is— the market no longer discusses "whether it can rise again."

What will you see in this phase?

After continuous declines, the rate of fall begins to slow down. Negative news keeps bombarding, but the price no longer effectively breaks support. Trading volume starts to increase, but the efficiency of the decline diminishes. The most heartbreaking part is, the discussion in the group shifts from market analysis to complaints and silence.

So you tell yourself: "Forget it, let's leave first, come back when it's confirmed."

But there's a key point you need to understand— the moment you "no longer want to look at the market," the market is often completing its final clearance.

This isn't to tell you to go all-in blindly. But it reminds you of one thing: true trading opportunities always arise when emotions are at their worst.

**Phase Two: Hesitation Period — The market is rising, but confidence is repeatedly shattered**

Real upward movement rarely resolves with just one bullish candle. It looks like this:

Consistently raising lows, each pullback not breaking the previous low. But here’s the problem— every rise is accompanied by doubt, every pullback washes out a group of people.

You will keep hearing these voices:

"Is this just a rebound?" "Wait for it to pull back again, then I’ll buy." "Feels like I still have a chance to get in."

But the market's best trick is: when you're hesitating, it quietly raises the price.

By the time you finally confirm "the trend is established," look back, and the cheapest chips are long gone. Some people haven't even gotten on the train from the very beginning.

See, this is the market's cunning. It doesn't defeat your judgment; it defeats your confidence. When your confidence returns, it’s already too late.

**Core Logic**

Why is it like this? Because the essence of the market is zero-sum. For someone to make money, someone else must lose. To make retail investors' money flow out, they must first get them to cut losses at the worst times and chase highs at the best times.

So next time you find yourself in a state of "no longer wanting to look at the market," or hesitating during a continuous rise—remember, this isn't about letting you buy recklessly, but a reminder: the market might be staging its most important show.

Position is always more important than judgment. Choosing the right position means even if your judgment is wrong, you can survive. Choosing the wrong position, no matter how correct your judgment, is useless.