Perhaps my viewpoint is different from what most people generally think: the market panic and the process of Bitcoin price falling is the so-called "market maker buying the dip" process. When market sentiment is greedy, the process of Bitcoin rising is the "market maker selling" process.

The retail investors believe that: when the coin price falls, it's the market maker dumping, so hurry and run. When the coin price rises, it's the market maker starting to buy and pump, so hurry and buy, the market maker is starting to give money to everyone to pump.
The initial drop was undeniably initiated by the market maker, but the market maker was buying in while dumping, ultimately resulting in a spiraling price decline. However, the market maker ended up with more coins, acquiring everyone's bloodied chips at a low price. The rise is similar; the market maker initiates the rise and pump, but they distribute the high-priced chips to everyone while pulling up the price.
We must follow a principle: buy the dip when there is a small fall, buy more when there is a large fall. Sell a little when there is a small rise or do not sell, sell a lot when there is a large rise. Stay away from contracts, only buy Bitcoin or Ethereum spot.
Recharge a wave of faith again, the market's greed sentiment has already fallen below the freezing point. In the absence of liquidity and lack of favorable factors, the BTC price has already been discounted: BTC has entered the bottom range, the previously mentioned around 103,000 has arrived, and it's time to buy the spot without thinking. Looking at the liquidation data, there are about 2.2 billion dollars near 101,000, and it seems that these long positions need to be cleaned up. You can place orders at 101,100 to buy spot. The cumulative short positions above are around 12.3 million with about 16 billion dollars, and around 128,000 with over 20 billion dollars. The market sentiment has fallen to the freezing point, and the fear and greed index has reached 26. Every time it enters around 20, it is a good time to buy the dip. When the market's retail sentiment is in panic, it is the time to start buying. Small falls, small buys; big falls, big buys.
Emphasizing once again: everyone should not trade contracts, all should use spot trading. The final outcome of trading contracts is liquidation. Everyone only sees that the 100x leverage brings you 100 times the profit, but ignores that the market maker can harvest you at the same speed of 100 times.
Buying spot, at least it can be determined that even if we enter a bear market this time, the next bull market will definitely break the previous high of $126,000. Holding for a maximum of four more years can still earn $23,000 for one Bitcoin. Reducing frequent trading and speculating on trends is the only way for retail investors to win, because you cannot resist the series of mistakes brought by your own emotions. Trading is human nature, and as retail investors, we cannot outplay human nature.