The Bitcoin conference has concluded, and the market has declined as expected, which is even more alarming.
This kind of inertia thinking of "the market drops immediately after the conference ends" is a psychological trap that the main players repeatedly exploit. Last year, after the conference ended, the market corrected, so many people this time followed the trend to be bearish, resulting in the market indeed dropping, further deepening this kind of habitual cognition — this is the most frightening aspect.
Many people like to make decisions by comparing past market trends, such as comparing the rapid bull market of 2020 with the current slow bull market. However, this round of bull market has seen a significant change in participants, capital volume, and the number of cryptocurrencies, and copying the model of the previous bull market will only lead to trading mistakes akin to "carving a boat to seek a sword."
The same issue also appears in the comparison of candlestick charts.
Some people compare the current trend with the correction before the peak of the previous bull market, believing it has reached a node of "bull to bear". But if making money could rely on such simple comparisons, most people would not suffer such heavy losses.
The truly effective trading mindset is to think of each trade as a reset, not being disturbed by the past, independently judging the current trend, and acting in accordance with it. The market is not complicated; what is complicated is human psychology. Forget about "what happened last time" and focus on "what happens this time"; this is the key to improving win rates.
