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This recent market wave has indeed tested people's hearts. Bitcoin has dropped from the recent high of 94,700 down to 89,588, with a single-sided plunge of over 5,000 points. Many people's mental states have exploded during this process, but investors who have experienced several cycles know — this is the normal state of the market.

My view has always been clear: starting from the 94,000 region, one should be cautious. Dropping to 90,700 is an important support level. If it can hold here, the subsequent rebound space will be significant. Now returning to the 8-figure range indicates that the bottom is indeed gradually being confirmed.

The most taboo thing at this time is chasing highs and selling lows. Instead of staring at the K-line every day, it's better to think clearly about your trading logic. Regarding the future trend of BTC and mainstream coins, my advice is: don't rush to bottom fish, and don't chase the falling market to dump. Proper risk management and observing the situation calmly is the right way. Wishing everyone smooth trading!
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DegenDreamervip
· 13h ago
It's the same story again. When it drops, they say it's a test of mentality; when it rises, they say the technicals are perfect. Does no one lose money?
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AirdropHarvestervip
· 01-09 13:53
I'll say it directly, the plunge from 94 to 89 was really shocking, but the ones who really got cut are the rookies who haven't experienced a cycle. I remember last year around this time I was arguing on the forum, now I'm much calmer. As I always say, good position management is better than anything. A number in the 8s is just a number in the 8s, anyway I've already set up my dollar-cost averaging, whether it drops or not. From this article, I can tell that the big V influencers are starting to talk about "bottom confirmation" again... they say this every time. Honestly, the biggest test now is your mindset. Watching K-line charts every day can easily lead to depression.
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ContractExplorervip
· 01-08 08:48
Once again, during times like these, mindset is more valuable than technique. It's dropping again and again—some people might really be bottom-fishing themselves into bankruptcy. The key is to have your own logic; don't let the market dictate your rhythm. I really admire those who shout about bottom-fishing, only to get trapped and start doubting life. Bottom confirmed? Forget it, let's wait and see. Not chasing, not killing—easy to say, hard to do, brothers. Fluctuating between 89,000 up and down—who can handle this kind of turbulence?
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gas_guzzlervip
· 01-08 08:46
Here we go again, every time it's the same spiel. I just want to ask those whose mentality is exploding, how are you now? A 5000-point plunge is nothing, I've seen worse. The main thing is to hold on and not get chopped up like a leek. Wait, no, is 90700 really a solid support? It doesn't seem to have been that accurate in history. Risk management talk has worn my ears out, but the key is to have bullets.
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Fren_Not_Foodvip
· 01-08 08:41
Another 5000-point plunge, watching people’s mental state explode is kind of satisfying. The seasoned investors with good mental states are already numb; this is just daily life. Honestly, those still chasing highs and selling lows are just paying tuition to the big players. Thinking clearly about how you play is more important than watching the market every day, really. The bottom is being confirmed, but trying to catch the bottom can wait; no need to rush.
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