This market cycle has been a bit strange, and many people actually can't understand it. Those who truly have a sense of it are the participants who came up from the bottom in 2020. But to truly understand what is happening now, at least you need to have experienced two complete cycles: 2017 and 2021. People who have experienced fewer cycles lack a dimension in their understanding of the market.

I have seen too many people, even after being warned countless times in advance, end up in the same situation. Most likely, they choose to hide on the sidelines and watch when emotions are most tangled and the market is most stubborn. And then? When looking back later, they realize the opportunity had already passed. The period of November and December 2020 is a vivid example.

Interestingly, this cannot simply be attributed to poor judgment. Ultimately, it is a human nature issue. No matter how sufficient the information is or how clear the logic, when fear and greed intertwine, the brain is likely to shut down.

The market will never give you a clear starting signal; it only silently paves the way when things are the hardest. When most people react and rush in, looking back at the charts, they realize that the light at the end of the tunnel had already begun long ago.