#比特币价格走势 Seeing retail investors' sentiment so optimistic at the beginning of the year, I have to say some heartfelt words. I went through the same in 2017, when the screen was filled with excitement of "a day in the crypto world is like a year in the human world," and social media was full of bullish sentiment. Then, as prices rapidly surged to all-time highs, FOMO-driven retail investors flocked in, only to be completely harvested in the end.

Santiment's analysis actually points to a pattern I have deeply experienced: when retail investors' sentiment becomes overly optimistic, it becomes a risk signal. If Bitcoin really quickly jumps to 92,000, that's not a good sign—it's precisely an indication that many "bullish" people are chasing the rally. Historical data shows that the times when the public is most excited are often the most dangerous.

True investors don't need herd enthusiasm, but rather a sense of "certain caution, certain pessimism." My current strategy is simple: when all the voices around are optimistic, I need to clearly identify where the risks are. It's not that prices can't rise, but I ask myself—what's the logic behind the current rise? Is it fundamentals or emotions? If the answer is the latter, then it's time to be cautious.

January has always performed strongly, but don't be blinded by this pattern. The secret to surviving in this market is: always think one step ahead of most people.