A drop of 8% isn't scary; what’s scary is when you mistake the 'golden pit' for a grave! Watching your account shrink significantly, are you starting to doubt life again? When the air in the group thickens and the words 'liquidation' flood the screen, don’t rush to panic and cut losses. Keep a long-term perspective; this drop has actually paved the way to wealth freedom with a golden ladder.
This wave has dropped nearly 15% from the high point of 97,000, which is indeed frightening. But if you extend the time frame, this is just a refreshing 'deep squat' in the middle of a bull market. Technically, although the daily chart shows a large bearish candlestick, it feels more like the main players are using 'violent wash trading' to force people out. Look at that green volume bar; the bears are somewhat exhausted, and the support at the 81,000 line has stood the test.
The real tough characters always reveal their swords when others are desperate. The logic of Bitcoin's halving market hasn't changed, the long-term accumulation of ETF funds hasn’t changed, and even the expectation of the Federal Reserve cutting interest rates has only been delayed, not disappeared. While retail investors are still crying over this 8% drop, large institutions are quietly building positions amidst the panic.
Don't try to catch that 'falling knife,' but always watch for the rebound after the tip of the knife lands. Once the price stabilizes at 84,000, that will be the call to charge for a new round. Remember, in this market, the biggest risk isn't volatility; it's choosing to turn off the lights and go to sleep before dawn. This wave of selling isn't the end; it's the launchpad for a new round of increases, so don’t be timid; gather your chips!
$BTC
