Again, this kind of market movement that makes people doubt life...

$BTC lingering around the $78,376 level, down 1.19%, honestly this small decline in the crypto world is almost like no decline at all. But it’s this indecisive state that’s the most torturous, a bull market that doesn’t feel like a bull market, a bear market that doesn’t feel like a bear market.
Yesterday’s high reached 79,472, today it dropped back to 77,174, a fluctuation of $2,900, early new traders would have already panicked. For us who have seen big storms, these small fluctuations are really trivial. I remember the last time it sideways traded for so long, it either surged violently or plummeted, never giving people a chance to breathe.
Fear and Greed Index is 46, a standard Fear state. Honestly, when the market is fearful, it’s often an opportunity, but this time it feels a bit different. Perpetual funding rate is negative, with slightly more shorts, but the magnitude is small, indicating everyone is just watching.
The daily trading volume of 1.253 billion still seems normal, at least not a dead water pool. At this level, saying it will break 80,000 always feels like just a breath away; saying it will break below 75,000, the support is still quite solid. I’ve experienced this situation several times, usually when a major trend is brewing.
But honestly, after staying in this market for a long time, I realize that sideways trading is more torturous than a crash. At least during a crash, you know the direction, but now it’s really a test of patience. Veteran traders’ experience tells me that the best thing to do in such times is to stay calm and do what you need to do.