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Most people believe that this round of Bitcoin can fall to 20 to 30 thousand, then go all-in to buy the dip, and finally wait for a roaring bull market to begin.
But when everyone is bearish and the direction becomes uniformly aligned, it probably won’t just drop straight down.
The market rarely manages to fall so smoothly in line with retail investors’ emotions.
In the future, it may be a period of wide-range sideways consolidation, until it wears down the patience of both bulls and bears. Only when retail investors are no longer sure whether it will go up or down will the real direction emerge.