First I'll admit that traders are always terrifying about the price of bitcoin due to short time target, so I don't think what the volatilities we're experiencing now is a new one for the volatile market.  But I'm not going to pretend, the market has been showing too much of uncertainty which I'll agree with you that it really feels crazy for traders. It's really become tough to tell what direction the market is heading to and while it might show some kind of uptrends, down trends turns the direction and vice versa as the market is abruptly on the Dip and the Rebound phases.



Not really. A lot of traders are still catching up with good trading strategies to be profitable with good risk managements.
Remember to take break when you're not familiar with the market if you haven't been able to make good decisions after awhile.