Bitcoin has finally faced a significant correction, and altcoins have returned to their starting point.

This is a crisis for many.

For a whole year, most people have been trying to break even, and with the year-end approaching, Bitcoin's current trend is indeed not optimistic.

The weekly candle from yesterday was a large bearish candle, and it is the only one since Bitcoin rose from $60,000 to $104,000.

The volume and strength of this bearish candle are quite strong, indicating that many people have gradually started to sell around the $100,000 mark, and technically speaking: it is still a typical bearish engulfing reversal signal.

Of course, Bitcoin has completely diverged from altcoins now; if you hold altcoins, paying attention to Bitcoin's ups and downs is not very meaningful.

Altcoins have now entered a consolidation phase, with some weaker ones starting to break previous lows; during this stage, never enter into contracts, and definitely do not use coin-based trading casually.

Because black swan events are becoming more frequent in the crypto world, many people have never experienced the pinning events, and when the market has significant disagreements, pinning is bound to happen.

Many see Bitcoin's support at $85,000, while others see it at $90,000; these viewpoints are all valid, but it's important to understand what it means for you personally.

Everyone buys different coins; only by understanding the coins you hold well and keeping up with current events can this effort bring you peace of mind.

Focusing only on price changes is merely superficial; what truly drives a coin's rise is the value behind the coin, which must be recognized by the market.

I have always advocated that people should not listen to news and especially should not blindly chase trends, as such actions stem from a gambling mentality and are not rational decisions.

If you continue down this path: you might make small profits in the short term, but you will surely incur significant losses in the long run.

To effectively grasp this market phase, there are only two paths:

First, find a reliable institution and trust it blindly.

Second, become one of the top 20% of professionals in this industry.

In the crypto world, it seems like there are endless opportunities, but in reality, it is an incredibly large scythe; one wrong step and you get cut, a small mistake results in a small cut, a big mistake could cut you down to the ankles.

During this stage, people are anxious, so careful choices are essential, whether buying or selling coins; always consult professional individuals.