#比特币价格走势 Recently, on-chain data shows that short-term holders are already selling at a loss, and the RSI indicator has also hit its lowest point in nearly three years. At such times, it’s often not the market itself that’s tested, but our mindset.

I remember a friend who experienced a similar extreme oversold condition at the beginning of 2023. He was not swept up in panic but stuck to his position management plan—cut losses where needed, hold firm where necessary. Looking back now, that bottom area indeed turned out to be a good opportunity for deployment.

The key is to understand that short-term market fluctuations should not change our long-term allocation. The losses and panic selling by short-term holders precisely indicate that the market is driven by emotion. What we need to do is be even more cautious in such moments:

**Review your positions** — Are they within your risk tolerance?
**Reassess asset allocation** — Is the proportion of crypto assets in your overall portfolio reasonable?
**Maintain discipline** — Cut losses when needed, wait when necessary, and don’t be driven by short-term data.

The bottom often appears at the most pessimistic moment, but the premise is that we live long enough and wait long enough. Safety always comes first.