In the past three years (2023-2025), there have been waves of small bulls almost every year.

The wave in October 2023: It was relatively decent, with clones multiplying by 3 to 10 times, the cycle was long enough for retail investors to exit safely.

The wave in November 2024: It was quite miserable, although there were some multiples, the time was too short, and it suddenly crashed, trapping a large number of people.

The wave in July 2025: Even worse. Clones generally did not multiply, entering four and exiting three, just took a bite and immediately spit it out. The biggest problem in this year's bull market is that the rallies are not continuous; they rise for two days and then retract, only to come back after a few days.

My feeling is that the behind-the-scenes operators are becoming increasingly sophisticated: they are also afraid of risks and dare not push too high or too aggressively. Retail investors are unwilling to take the fall, and the operators also do not dare to force the issue, resulting in a cautious and tentative approach to the rallies.

So in the next phase, do not get your positions too dispersed.

Just pick three to five coins that you can understand and conduct detailed research on the points. Entering and exiting should be done in batches, leaving yourself some room for error.

Do not stuff your account with a bunch of junk that you can't even understand yourself.