The crypto market often goes through accumulation, rallies, euphoria, distribution, declines, and recovery, but the cycle does not repeat on a fixed calendar. In the later stage of a bull market, it’s common for “everyone to feel it won’t go down”; in the later stage of a bear market, it’s “even good news can’t lift prices.” Instead of trying to guess the top or the bottom, it’s better to watch liquidity, trading volume, leverage, and market sentiment—and use staged buying and selling to reduce the pressure of timing.