The deep bear market hasn't arrived yet, but the sentiment has already cooled to the extreme. A slight breeze or movement, causes prices to plummet like a waterfall. Spot traders are being tortured by being trapped, while contract traders are frequently liquidated. Everyone is unable to find a way out, and can only endure and struggle in this hot and turbulent market. BTC has fallen to around 63,800, but no signs of bottom-fishing by funds, yet the sentiment has reached 5, afraid to buy in, fearing a bottom rebound, but hesitant to buy, seeing no hope. In such times, trading should be like a clingy dog—take a quick lick and then run, don’t be persistent, don’t be stubborn.
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The hardest part may be this stage.
The deep bear market hasn't arrived yet,
but the sentiment has already cooled to the extreme.
A slight breeze or movement,
causes prices to plummet like a waterfall.
Spot traders are being tortured by being trapped,
while contract traders are frequently liquidated.
Everyone is unable to find a way out,
and can only endure and struggle in this hot and turbulent market.
BTC has fallen to around 63,800, but no signs of bottom-fishing by funds,
yet the sentiment has reached 5,
afraid to buy in, fearing a bottom rebound,
but hesitant to buy, seeing no hope.
In such times, trading should be like a clingy dog—take a quick lick and then run, don’t be persistent, don’t be stubborn.