In the current market environment, many investors are contemplating whether the bull run has come to an end and whether now is the last entry opportunity. However, rather than getting caught up in the definitions of bull and bear markets, it is more important to deeply understand the underlying logic of the market, as this is the key to truly seizing opportunities.

First of all, funds always follow the hot trends. Instead of strenuously searching for investment opportunities, it is better to patiently wait for the market's hot spots to arrive. Just like the inscription craze in 2024 and the explosion of NFTs in 2021, when the hot spot arrives, funds will naturally flow in. Therefore, investors should shift their focus from staring at candlesticks to observing emerging sectors and the flow of funds.

Secondly, the key to successful investing lies in choosing the right direction, rather than the amount of effort invested. Even if only a small portion of funds is invested, as long as the direction is correct, one can achieve returns that exceed expectations. Conversely, even with constant attention to the market and frequent trading, if the direction is wrong, losses may still occur. In a bull run, choosing the right track is far more important than frequent operations.

Third, emerging assets often present the biggest opportunities during a bull run. The core opportunities of each bull run are usually hidden within newly emerging asset classes. From early ICOs to later DeFi, NFTs, and more recently inscriptions and Layer2, these assets, which are often questioned and difficult to understand when they first appear, tend to bring the most significant price increases.

Finally, the most profitable opportunities usually appear in the second wave. Do not be overly superstitious about the first wave of dividends. Experience shows that the most stable investment opportunities often emerge in the second wave of trends, such as the inscription craze in October 2023. The first wave is often chaotic, while the second wave will present clear leading projects.

By understanding and grasping these core logics, investors can find their foothold in the rapidly changing crypto market without overly entangled in worries about short-term market fluctuations or missing opportunities.