In the Crypto Assets market, accurately determining the top of a bull run is a challenge. Many investors often do not realize this until the bull run has already ended, mistakenly interpreting the market fall as a healthy correction. When the market begins to decline sharply, some may mistakenly believe this is a good opportunity to buy the dip. However, by the time they truly realize that the bull run has ended, the value of their assets may have already shrunk by more than half, resulting in significant losses.

The top of a bull run usually does not give clear signals. Currently, the spot market for Bitcoin may still have a 30% to 40% upside potential, but expecting it to reach a price above $200,000 may be overly optimistic. It is worth noting that if Bitcoin's market share falls below 40% in the second half of the year, while small crypto assets (commonly known as 'altcoins') begin to rise significantly, this may indicate that the current market trend is about to end.

The Crypto Assets market undergoes a complete cycle approximately every four years. As an investor who has experienced three rounds of market cycles, I have observed that these patterns often repeat themselves. Therefore, it becomes crucial to lay out plans in advance and exit at the right time during market euphoria. The biggest gains are usually not made in the final stages; rather, when the market is at its most frenzied, it might actually be the best time to reduce holdings.

In crypto assets investment, understanding market cycles and maintaining rationality is crucial. Do not be misled by short-term market fluctuations, but rather focus on long-term trends and fundamentals. At the same time, establishing a reliable risk management strategy, including setting stop-loss and profit targets, can help investors achieve better investment results in this highly volatile market.