#比特币市场周期 Seeing this analyst's viewpoint, I can't help but recall my own experiences from years ago. New investors getting on board are always full of expectations for the market, but once they incur losses, they easily panic. However, I now understand that the Bitcoin market cycle is a long-term process, and short-term fluctuations do not represent the overall trend.

Although there are currently no signs of a complete surrender among short-term holders, we cannot let our guard down. A loss of 20%-40% is already a significant blow for many. I advise everyone to remain rational, manage risks well, and avoid blindly chasing after rises and falls.

Based on past experience, real bear markets are often accompanied by larger declines and longer periods of stagnation. If this is just a correction in the cycle, then patiently waiting may bring new opportunities. But in any case, protecting your capital is the most important thing.