BTC ETH Throughout February and March, the entire market has been waiting for Bitcoin and Ethereum to crash. Everyone thinks the bottom this time is at $40K or $50K—this consensus is terrifyingly strong. Now that we’re in April, it’s time to decide on a direction. This kind of uniformity scares me a lot. It’s very similar to when everyone expected $150K or $200K at the $120K top, and the result was the Black Swan event of 10/11. Le Bon believed that when a group of isolated individuals gathers for a common goal, they form a "psychological crowd." Once part of the crowd, an individual’s ability to think independently quickly diminishes, and their thoughts and emotions are replaced by the "collective psychology" of the group, making them blind, impulsive, gullible, and extreme. The consensus of the crowd often overrides individual consciousness. Le Bon constantly reminds us to maintain independent thinking and be wary of irrational emotions when part of a group. Follow the market more, bet subjectively less.