When fear returns, the market begins to price things seriously

After BTC breaks below a key support level, many people's first reaction is to look for the "absolute bottom," but the market never provides answers based on round numbers. 70,000 is more like a psychological anchor than a technical floor. The true bottom often appears when: sentiment is extremely cold + trading volume shrinks + negative news loses its potency—all resonating together. Currently, the fear index is rapidly declining, indicating that emotions are being released, but whether we've reached the "no one is discussing the market" freezing point remains to be seen.
From a strategic perspective, I prefer a "planned, phased approach" rather than emotional bottom-fishing. Dividing funds into multiple parts and gradually deploying in key zones is more in line with the survival rules of a volatile market than a one-time gamble. Because the bottom is a range, not a specific point.
On the macro level, recent disturbances mainly stem from geopolitical risks and uncertainty in interest rate paths. As long as dollar liquidity doesn't significantly loosen, risk assets will find it difficult to move strongly in one direction. Crypto is no exception.
In the counter-trend direction, pay more attention to projects with real cash flow or ecosystem demand support, such as leading public chain core assets and L2 infrastructure tokens. The essence of being resilient in a downturn isn't about hot themes but about a stable chip structure.
In one sentence: bottom-fishing is okay, but don’t do it as "averaging down for self-comfort." Let your position match the rhythm, rather than letting emotions drive your holdings. #当前行情抄底还是观望？