After staying in the crypto market for long enough, you’ll discover a truth: a bear market never really gives you an easy way out.

Many people think a bear market means constant crashes—your account drops a little every day, and it just keeps falling without looking back. But anyone who has truly experienced it knows that over 90% of the time, the market is stuck in repeated choppy swings. Only about 10% of the time is it genuinely falling.

What really torments people isn’t the crash itself—it’s that grinding, frustrating consolidation. When it crashes, you can still force yourself to cut losses and exit, or just lie flat and stop watching. But a consolidation is different. It makes you feel like a rebound is about to happen. Every time you barely see a flicker of hope, it gets smashed down again. After doing this a few cycles, your mindset can’t hold out before your account does.

Why does the market keep consolidating again and again? Because the main force wants to shake out the holders who aren’t坚定 (unsteady). Before the market truly drops, it needs to make most people completely lose confidence in the market. Only after everyone who should have sold has sold, and everyone who should have left has left—then a real drop begins. And every time you think you’ve found the bottom and try to buy, it often isn’t the bottom yet. There may be another stretch of decline underneath.

So how do you survive in this kind of market? Do less, watch more.

In a consolidation phase, the biggest taboo is making frequent trades. You’ll find it hard to nail the timing. When the direction is unclear, standing still is better than anything. Better to miss than to enter in a position that’s ambiguous. Keep your principal for when the trend is clear—don’t keep draining it through endless oscillations.

Consolidation is a test of patience, not a technical problem. No matter how good your skills are, you won’t make big money in consolidation. Those who manage to stay alive don’t rely on perfectly precise entry and exit points—they rely on the discipline to wait with no position. Only those who can wait will still have ammunition when the real drop arrives, and still have holdings when the real rally comes.

The market changes every day, but some principles won’t. Consolidation wears down your patience—not your technical ability. As long as you can hold on one more day than others, you might end up seeing a different outcome.