Another new bull market is coming, and market enthusiasm is soaring. But every time this happens, you can always see a large number of people losing control in the frenzy—using leverage too aggressively, setting stop-losses too loosely, and ending up getting wiped out in the last correction.

It feels like this is the market's normal state. When the market is good, everyone wants to earn more, but ironically, that's when it's easiest to get burned. Greed and fear are more effective than any technical indicator. Many people don't actually lose because of poor coin selection, but because of their mentality and risk management.

We don't know how long this round of market rally will last, but those who should stay alert still need to stay alert.