The old playbook is dead. Traditional cycle analysis breaks down when Bitcoin holds the market together while everything else evolves independently.

What's Really Happening:

Asset-specific narratives matter more than market-wide sentiment
Technology adoption curves are decoupling from price cycles
Institutional participation is creating new support/resistance dynamics
Price targets that seemed impossible are becoming base cases

The New Reality:
We're not in a bull market or bear market anymore. We're in a maturation market. Assets are finding their fundamental value based on utility, not just speculation.

Strategic Implications:

Quality over hype becomes paramount
Due diligence replaces momentum trading
Long-term holders get rewarded while short-term speculators get rekt
Technology wins matter more than marketing campaigns

Bottom Line:
Stop trying to time the market. Start trying to understand the market. The winners in this new phase will be those who recognize value before the crowd, not those who chase momentum after it's obvious.

In a world where everything is changing, the only constant is adaptation.