Loss is not the end, but a badge of growth; volatility is not risk, but a threshold for screening. May you withstand fluctuations with the confidence of hitting reset, resist temptation with the wisdom of slow wealth accumulation, and in the wave of blockchain, be the long-term winner who understands technology and stays true to their original intention.
Yesterday's Bitcoin movement was like a slow and orderly correction. After spiking to 93,379 in the evening, it started to decline in stages, stopping after reaching a low of 92,116 in the early morning, with the entire retracement exceeding 1,200 points. Ethereum followed closely, weakening from 3,226 downwards, and after touching 3,165 in the early morning, it entered a low-range consolidation, showing no independent trend.
The current market is in a very delicate stage. Trading volume has severely shrunk, and continuous small declines have worn down people's patience. Good news cannot get through, but bad news can trigger a chain reaction. Confidence is gradually eroded by this "boiling frog" style decline, old enthusiasm cools down, and new growth momentum has not yet emerged. Liquidity hides in safe places and is reluctant to come out, resulting in a market that maintains a low-desire balance. This is not a quick bottoming out, but a prolonged ambiguous period, requiring us to re-understand the market operation logic during this dull time and wait for a real turning point.
Technical outlook: Bitcoin shorts around 93,000, first target 90,000 Ethereum shorts around 3,250, first target 3,000
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ParanoiaKing
· 4h ago
The part about boiling frogs in warm water really gets me. The market is currently at this tone, patience has been worn down...
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Another downward cycle, feels similar to that wave last year, just waiting for that turning point to come
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I really want to see 90000, but I need to get past the psychological barrier first
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The low desire balance state is spot on. Right now, no one wants to put real money on the line
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The shrinking trading volume might actually be an opportunity at this point. It all depends on who can hold out until the end
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UnruggableChad
· 9h ago
The metaphor of boiling frogs in warm water is really spot on. It feels like everyone is enduring it, just waiting for the day it suddenly explodes.
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GetRichLeek
· 10h ago
The boiling frog-style decline this time is truly incredible. I originally wanted to buy the dip at 90,000, but before I could even get in, I was already bleeding out haha.
They're starting with the "long-term winner" rhetoric again. I just want to ask how many people can really withstand this frustrating sideways movement...
Selling short at 93,000 feels like I'm about to get trapped again. The manipulators are playing this move so well; every time I think it's over, they manage to probe a little further.
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DegenWhisperer
· 10h ago
The metaphor of boiling a frog in warm water is perfect. I am now that frog, completely numb.
Loss is not the end, but a badge of growth; volatility is not risk, but a threshold for screening. May you withstand fluctuations with the confidence of hitting reset, resist temptation with the wisdom of slow wealth accumulation, and in the wave of blockchain, be the long-term winner who understands technology and stays true to their original intention.
Yesterday's Bitcoin movement was like a slow and orderly correction. After spiking to 93,379 in the evening, it started to decline in stages, stopping after reaching a low of 92,116 in the early morning, with the entire retracement exceeding 1,200 points. Ethereum followed closely, weakening from 3,226 downwards, and after touching 3,165 in the early morning, it entered a low-range consolidation, showing no independent trend.
The current market is in a very delicate stage. Trading volume has severely shrunk, and continuous small declines have worn down people's patience. Good news cannot get through, but bad news can trigger a chain reaction. Confidence is gradually eroded by this "boiling frog" style decline, old enthusiasm cools down, and new growth momentum has not yet emerged. Liquidity hides in safe places and is reluctant to come out, resulting in a market that maintains a low-desire balance. This is not a quick bottoming out, but a prolonged ambiguous period, requiring us to re-understand the market operation logic during this dull time and wait for a real turning point.
Technical outlook:
Bitcoin shorts around 93,000, first target 90,000
Ethereum shorts around 3,250, first target 3,000