The current situation for retail investors is mostly that the majority did not participate in the bull market before the 2017 bull run, with most participation starting from 2017. Then in 2020 and 2021, everyone was finding patterns and making money based on the previous two bull markets. Once the patterns were broken, many people stopped thinking; they broke out of their comfort zone. If their actions were different from before, there were only two possible outcomes: either losing money or missing out.

The operators have changed, but retail investors have not. This time, a lot of institutional capital has entered the market, yet the bull market has not arrived. Retail investors are confused, wondering if the arrival of so much capital means a bull market is coming. However, only the mainstream and meme coins are experiencing a bull market, while other value coins are just standing still, showing little movement.

The operators seem to know how to play the game, making things uncomfortable for retail investors. Yesterday's non-farm payrolls were positive, yet there was a reverse liquidation. Last month's non-farm payrolls also moved in the opposite direction, which would make anyone feel disgusted, and I am no exception.

The lack of change in retail investors is simple. I often see news, various blind news, various retail investors with fixed mindsets, chasing highs and cutting losses, and going all-in without understanding. They enter the market in a daze, get involved in decentralization in confusion, and leave the circle just as confused. Their own reasons have not changed; they cannot learn to befriend the trend and fight against themselves. The possibility of making money within the circle is almost zero. Times have changed; stay away from new garbage coins and follow the mainstream, which means following the trend. Remember these six words: go with the trend, stop loss, take profit!