The methods of market manipulation in the cryptocurrency space have changed; we can no longer view this market with past perspectives. Many people always think that this market will give them another chance to enter, like in previous bull markets when Bitcoin would rise to a certain point and then quickly drop by 20%, followed by a consolidation phase where one could slowly accumulate.
However, the reality is that this current bull market for ETH started at 2500 and peaked at 3700; every pullback has been quickly recovered, and there are no more opportunities for those who missed out. Altcoins drop by more than 20% to wash out leveraged contracts and then continue to rise. Many people haven’t even reacted before the price has already gone up, which is why I always emphasize that those who miss out will continue to miss out.
So, is there still a chance to enter? Of course, regardless of how the market changes, sector rotation remains constant. One can only set up a position in a sector before it takes off and then wait for the main wave of that sector's market to arrive. Otherwise, if you keep waiting on the sidelines, you will always miss out, or if you chase after hot trends, you are highly likely to get trapped. Then, funds rotate to other sectors, and you'll just be watching others make money. Therefore, you must see through the market's rhythm and the manipulation methods of the big players, or else you will always be cannon fodder in this market.