#数字资产生态回暖 $BTC breaks through the 90,000 mark, and the new round of trading enthusiasm has reignited. But I recall my own experience in 2017—buying the dip starting from 19,000, doing it six times in one go, and the last time being at 5,800, only to watch it crash down to 3,200. That feeling was tough.

Why do retail investors often get caught on the "mountain's half"? Three common pitfalls:

**Misconception 1**: Thinking that falling from 126,000 to 90,000 is "cheap"? Reacting impulsively after a 20+ percent drop—are you just gambling or making a rational decision?

**Misconception 2**: Fear of missing out (FOMO), seeing any rebound signal and blindly going all-in. Essentially, still being driven by emotion.

**Misconception 3**: Seeing whales increasing holdings or certain technical signals and thinking "the signal has arrived," chasing the high. But a correct signal doesn't always mean the right direction.

Here are some real signals currently visible in the market—fear and greed index at 38, indicating the market is still in a fear zone; trading volume is active, but that doesn't mean the direction is clear; macro-wise, rate cuts have been implemented, but the Federal Reserve's tone remains hawkish.

There's also a potential variable this month: the Bank of Japan's rate hike decision on the 18th. Although the market may have already priced in some expectations, panic volatility can still occur near the decision. In this environment, new lows for altcoins are almost inevitable, and it's best to consider cutting losses and exiting if you hold relevant positions.

So, is it just waiting? Not entirely. The market is pessimistic, but opportunities haven't disappeared—key is to find the right entry points. Buying the dip has never been about guessing the lowest point—that's gambling, not investing. The current rhythm is to wait for clearer signals and more defined risks before taking action.