Friends who have been trading cryptocurrencies in the past two years share a common feeling: the market trend is like a psychological game, where despair breeds hope, hesitation leads to repeated shakeouts, and it's time to retreat during celebrations.

But what really hurts is not whether your judgment is right or wrong, but that you always stand in the least appropriate position. Why is that?

**Phase One: Bottom signals during despair**

When the market shifts from "Can it still go up?" to "Forget it, I give up," that's when the real beginning occurs. You will see the decline start to slow down, negative news keeps hitting but the price remains stable, and trading volume actually increases—at this point, everyone wants to run, and the group is full of complaints and silence.

The key is: when you no longer want to look at the charts, the market often completes its final clearing. This doesn't mean you should go all-in, but rather that the true trading opportunities are always born in the most desperate times. Most people choose to turn away.

**Phase Two: Hesitation period's repeated probing**

The rally has arrived, but the trend isn't straightforward—each time the lows are raised, it's a stop-and-go, and every correction scares people into screaming; each rebound is accompanied by countless doubts.

"Is this just a rebound?"