Xiaohan’s analysis is spot-on: MSTR decoupling plus a cash crunch are indeed hidden risks. But whether you should be able to “buy the 50,000” or not still depends on whether the panic sell-off has been fully cleared—just wait for the right-side signal.

$BTC Finally seeing 50k, so can we bottom-fish this wave?

Xiao Han thinks we can wait a bit longer, the downside isn’t fully complete yet. Actually, this drop was anticipated. Besides the sharp falls in US stocks and gold, the main factor was that MicroStrategy—like a stablecoin—depegged (for those who don't know, MicroStrategy is the largest corporate BTC holder globally). So, when we saw that news, we called for shorts again at 67k, then covered part of the position around 60k to wait and see the market situation (those who followed the short at 80k should have more profit by now, many probably got liquidated). Normally, MicroStrategy should buy back the price with money, but due to this bear market crash, it's out of funds. It can either sell BTC to pull the price back up or just ignore it. In short, with additional negative news, it caused another drop (finding an excuse to drop is also a signal).

A normal correction—stocks, gold, and BTC all broke new highs, or rather rose too high, so profit-taking and pullbacks are perfectly normal. Without such opportunities, how would we bottom-fish? Once every four years—seize this chance and take off directly. Because the next wave of BTC, etc., might challenge the legendary point that wasn't fully breached last time#BTC下探60000美元关键关口