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The recent wave of correction has caused many traders to panic, and some even announced that the market has peaked. But from the actual situation, this is just a normal technical pullback.
Regarding Bitcoin's technical outlook, the current decline is completely within controllable range. Even if it continues to bottom out, it would be in the 92,000 to 91,000 range for support. Honestly, this price range still offers good value for money.
From a daily chart perspective, the bullish momentum has indeed shown signs of short-term weakness. However, this is not a bad thing — the market needs such a mid-term pause to regroup. Once new funds start flowing in, the subsequent trend could bring many surprises. The key is to be patient and wait for a turning point.
Wait until it really drops to 91,000 before talking about the cost-performance ratio. It's a bit early to say now.
It's basically a gamble on funds entering the market. No one dares to confirm when the turning point will come. Anyway, I've already reduced my position.
Oh my, this wave of adjustment has really messed with my mindset, but you're right, it might just be a shakeout.
The 92 to 91 range looks pretty uncomfortable to me. What if it keeps crashing down?
Nothing new, brother. Every time it's patience and waiting, but in the end, retail investors are the ones losing money.
Honestly, I'm a bit convinced. Maybe I should stock up a bit.
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Those panicking haven't experienced 2018. This wave of correction isn't even considered a shakeout.
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From the perspective of capital efficiency, the current LP returns can be solid.
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Just waiting for new money to enter the market, a wave is coming.
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Short-term weakness does not equal a long-term top. Why bother explaining this?
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The phrase "cost-effective" is too conservative. Can't we just say this is a bottom-fishing opportunity?
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Unlicensed finance won't stop; the adjustment is just an illusion.
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Watching on-chain behavior is much more reliable than looking at price declines.
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The real surfing level is only after the mid-term rest; just waiting.
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Is 92000-91000 really a good value for money? Why is it still falling?
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Mid-game break? I feel like it's just a prelude to cutting the leeks.
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Wait, wait, wait. In the end, all that's left is waiting. I've heard this set of rhetoric too many times.
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New funds are flowing in? From what I see, it's all dumping.
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Don't just talk about the bulls being weak. Why not mention that retail investors are all shaken out?
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Patience is key. It's easy to say, but it's not easy when your account drops below your psychological price.
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Anyone can boast about good value in a decline, but I'm afraid there won't be enough funds to catch the falling knife.