In the 2018 bear market, the BTC drawdown went far beyond 0.786,

and in the 2022 bear market, the drawdown also exceeded 0.786.
Don’t tell me that 2026 is special—at most it only retraces to 0.618.
And there’s no need to form a base, no need to rotate positions and wash trade.
The main force doesn’t need to accumulate either—be gentler with retail investors,
won’t cut them too hard, and later the rally will lift prices so the retail investors can make money together.