Phenomenon 1: Short-term fluctuations... Essence: Accumulation and absorption

Phenomenon 2: Short-term consecutive rises and sharp declines... Essence: Increasing positions (driving the price up to sell at highs and re-enter at lows, increasing holdings)

Phenomenon 3: Mid-term fluctuations... Essence: Institutional arbitrage

Phenomenon 4: Long-term slight rises encountering declines... Essence: Project progress, increased consensus, institutions cashing out

Phenomenon 5: Long-term significant rises encountering declines... Essence: Project parties cashing out to continue expanding the project/platform/big institutions dumping, cashing out or increasing positions!

Phenomenon 6: Long-term slight rises without declines... Essence: The project has breakthroughs, consensus greatly increases

Phenomenon 7: Contracts/bets... Essence: Platform accumulation, increasing positions.

Phenomenon 8: Long-term significant rises without declines... Essence: The project has major breakthroughs, practical applications that profit sufficiently to support the coin price.

Phenomenon 9: Long-term price increases, continuously without declines... Essence: The project is successful, practical applications benefit humanity, ecological applications can sustain development...

Long-term believers' inner thoughts: All trading activities and price fluctuation phenomena are for accumulation, increasing positions, and arbitrage... Only long-term holding of coins may realize one's aspirations, allowing ordinary people to turn the tables.

Purely personal summary: Not investment advice, harmony brings wealth! $FIL # Ordinary people should not trade short term nor think they are second class.