Is there going to be a second fall after the big dump in the market???

Many people were terrified when they saw that needle on 10·11. Even those who didn't make contracts or get liquidated were afraid to enter the market.
They are worried that the needle is too low; if it falls further and the needle is eaten away, wouldn't it have to fall several times more?
This fear is normal, but we need to clarify what a second bottom really is.
The term "探底" literally means the process of the market probing for the bottom.
A second bottom usually occurs at the end of a bear market, when the main players are just beginning to build positions and accumulate.
At that time, many retail investors still did not believe that the bottom had been reached, so the main players would often deliberately create the illusion of breaking the bottom, causing panic selling.
This secondary bottoming is essentially to wash away the last group of die-hard chips in the bear market.
So the question arises - is this the bottom of the bear market?
Obviously not.
$BTC is still making new highs, and we are currently in a bull market phase.
And the vast majority of altcoins have actually been flat at the bottom for two or three years, and those that could be washed have already been cleaned out.
Therefore, the pin drop on October 11th was more like a precise cleaning by the main force against the leveraged positions, lending positions, and contract positions.
Especially those "old leeks" who clearly expect a bullish market but leverage and mortgage to borrow coins - this move directly harvested them all.
After the market clears these high-risk chips, the vehicle will be lighter and can climb faster.
Now what remains is mostly honest people like us who are firm bulls, but only hold spot and do not play with leverage.
In this chip structure, discussing a second bottom is simply meaningless.
The bottom has been cleaned up, and the main forces have their chips stable. If they keep smashing down, it will only hurt themselves.
Everything depends on the market - the market is real and will not deceive you.
Do you remember when ETH fell to 1385 in April? At that time, there were clear signs of a stop in the fall, but many people were still waiting for a second bottom, and as a result, they missed the entire round of the market.
So this time is the same, if there is a second bottoming, it basically means we are in a bear market. It would be a good point if BTC can pull back to around 105,000.
The market does not operate on imagination, but on logic and structure.
The current structure has already explained everything.