The current cryptocurrency market is in an extremely特殊 and brutal "ice and fire" stage.

If you ask today whether you can buy, the answer is not simply "yes" or "no," but depends on what type of trader you are. Bitcoin has fallen below the key psychological level of $60,000 (once touching $58,000), and the market fear index has dropped to 11-15 (extreme fear). This level of sharp decline has already shattered the confidence of most retail investors.
Even MicroStrategy and many Bitcoin ETF holders currently have an average cost of around $84,000. This means that even the "smart money" is currently in deep loss, and selling pressure has not been fully released yet.
Macroeconomic environment deterioration: The Federal Reserve's recent hawkish stance and concerns over Trump's tariff policies are causing funds to withdraw from risk assets like cryptocurrencies and flow back into the US dollar and traditional bonds.
Extreme oversold conditions: Technical indicator RSI has fallen below 30 into an extremely oversold zone. History shows that when the fear index drops below 15 and there are widespread liquidations (recent single-day liquidations exceeding $2 billion), it is often not far from a "phase bottom."
Cycle theory: Many top institutions (such as Bitwise, JPMorgan) predict that Bitcoin still has a chance to surge to $150,000-$170,000 by 2026. The current $60,000 is already a "50% discount" compared to the high point six months ago.
Chip cleaning: This wave of sharp decline has wiped out a large number of high-leverage longs. Only by "cleaning" these chips can the market move forward lightly.
If you want to make a quick profit and then leave, the risk is very high now; but if you are prepared to hold for more than a year, the current $60,000 is indeed a rare discount during this round of the "crypto winter." No one can precisely catch the bottom; buying in small portions at the bottom can turn a bicycle into a motorcycle.