I have named this current stage the "Risk Switching Period."

It's not that BTC is not good; it's that funds are changing attributes.
Gold and silver rising indicate that the market first needs a sense of security: BTC falling is because it is temporarily treated as a risk asset.

Policies haven't been implemented, liquidity hasn't provided answers, and events are still up in the air, so funds can only hide for now.
That's why you feel like you understand everything, but it just doesn't rise.

Many people's pain is not actually making the wrong judgment about the direction, but standing in the risk switching period, prematurely expecting the showtime.

Only when the uncertainties are gradually eliminated will crypto be invited back onto the stage.
The only thing to do now is: patience.