When Ethereum drops to the 2800 level, over 1 billion in funds are liquidated in a very short period. Watching the numbers flicker on the chart, you can feel how many people's mental state collapsed at that moment.
This is why blindly focusing on the K-line chart is the most dangerous. During a decline, fear is amplified infinitely. Every percentage point drop in the account feels like a punch to the heart. Conversely, during a rise, FOMO kicks in, and rationality completely goes offline. Human greed and fear are fully exposed in such moments.
Regarding bottom fishing, my experience is—precise bottom fishing has never been purely a technical issue; luck plays an equally important role. No matter how perfect your analysis, if the market decides to keep crashing, your perfect timing can only serve as a funeral.
What is the wise approach? First, see how Micron's quarterly earnings turn out, then observe the specific movements of interest rate hikes in Japan—once these key points have a direction, entering the market is not too late. Instead of gambling on luck in uncertainty, it's better to wait a bit longer, and act only when clear signals appear. This way, winning feels more solid, and losing feels more at peace.
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When Ethereum drops to the 2800 level, over 1 billion in funds are liquidated in a very short period. Watching the numbers flicker on the chart, you can feel how many people's mental state collapsed at that moment.
This is why blindly focusing on the K-line chart is the most dangerous. During a decline, fear is amplified infinitely. Every percentage point drop in the account feels like a punch to the heart. Conversely, during a rise, FOMO kicks in, and rationality completely goes offline. Human greed and fear are fully exposed in such moments.
Regarding bottom fishing, my experience is—precise bottom fishing has never been purely a technical issue; luck plays an equally important role. No matter how perfect your analysis, if the market decides to keep crashing, your perfect timing can only serve as a funeral.
What is the wise approach? First, see how Micron's quarterly earnings turn out, then observe the specific movements of interest rate hikes in Japan—once these key points have a direction, entering the market is not too late. Instead of gambling on luck in uncertainty, it's better to wait a bit longer, and act only when clear signals appear. This way, winning feels more solid, and losing feels more at peace.