The Greed Index for the stock market is 59°, and the Greed Index for the cryptocurrency market is 60°.

The overall market hasn't dropped much, but everyone is very sensitive to fluctuations. A few points down, and there are various worries, fearing the bear market is coming.

What about a little rise?

Everyone gets excited and chases the rise, only to be scared off by a pullback.

The collective psychology of chasing rises and selling on dips has reached its extreme, and everyone's holding cost is getting higher and higher; how ironic is that?

The key issue is: "The time left in the bull market is not much."

If you keep chasing rises and selling on dips a few more times, it's basically hard to escape the fate of being deeply trapped in the late stage of a bull market.

Some say this round of the bull market is very difficult.

In fact, every round of the bull market is not easy because the movement of each bull market does not match public expectations; this round is relatively better.

After all, there hasn't been a significant crash like 312 or 519 along the way.

Historical trends are definitely not reliable; the only thing to reference in investing is to trade against the market between "extreme greed and extreme fear."

What is feared is that you don't dare to buy when the market is in panic,

and get excited and chase the rise when the market is surging.