Many people still believe in things like K-line breakthroughs and wave theory, but they don't realize that these are just surface phenomena. The real driver of the market is the profit-maximization logic of the big players—pumping up contracts, smashing the market to chase out traders. Program algorithms are fixed; as long as your stop-loss orders are not on their track, they can't hit you even if you're a hundred dollars away.

Looking at the news about interest rate hikes and cuts, honestly, it’s a bit unsettling. The current bear market cycle has already lasted several months. According to historical patterns, the overall downward trend will take another 8-10 months to bottom out. But this process won't be a straight drop—there will definitely be retracement actions; that's a fundamental rule of the game.

Taking Bitcoin as the leader, a pattern of dropping 30,000 in one month and then another 30,000 the next indicates there’s still room for adjustment. The bottom price this time is likely to test the 36,000 level, which is a key support. There may be spikes breaking through to over 40,000 or even approaching 50,000, but ultimately, it will fall back to fill the gaps. To survive in this cycle, you need to understand the true market logic and not be misled by false signals on the technical side.