We have all heard these words: the market is born in despair, rises in hesitation, and ends in madness.

Let me explain it to new friends in the currency circle.

Born in despair: rising is bad news, falling is bad news, even breathing is bad news.

Rising in hesitation: when it just rises, the main force must make everyone confused about the direction, so as to reduce the intervention of chips in the early stage of rising. The main force consolidates in the middle in order to digest the profit-taking, fully change hands, and raise the cost of holding chips for retail investors.

Ending in madness: the more people dare not chase the main force, the more it pulls up, and when retail investors can't resist the temptation of rising and enter the market, the market will be fomo, and it is the time for the main force to ship.