Recently, I was chatting with some traders, and everyone's consensus boiled down to one word: difficult.

Speaking of which, the 2025 market cycle is quite different from previous ones. The long-anticipated bull market with widespread gains was the kind where you could make money just by buying anything. But now? The market has entered a stage of testing true skills—relying on technology, strategy, and mindset. Without solid skills, it's basically impossible to profit from this wave of market movements. Of course, there are still people making money, but they all have their own methods. This also aligns with the objective law of market evolution—survival of the fittest, always consistent.

I mainly trade using grid strategies, and honestly, I’m feeling a bit stretched now. Don’t even mention friends who got caught at high levels; maintaining a stable mindset is already quite good. From a market cap perspective, holding at this price level long-term isn’t a problem, but the key lies in the market’s volatility and its test of people's nerves. You must be mentally prepared for further drops; otherwise, it’s easy to break down amid repeated oscillations.

The only positive is that Bitcoin is still holding up. Although it hasn't surged ahead, it at least provides some confidence to the entire market. Want to see a decent rebound? The probability in the short term isn’t high. If you’re buying now, it’s less about bottom-fishing and more about preparing for long-term allocation. Thinking this way, the psychological burden is lighter—looking at a few months’ cycle into the future, the weight of your position isn’t as bothersome.