Tonight, there was a callback of #BTC . The circle of friends was unusually calm. Except for media friends who forwarded news updates, no other friends responded. Maybe it was because I was a little unprepared for the sudden waterfall; maybe because I have been in the industry for many years and have experienced many ups and downs, so I am not surprised.

Don't waste every plunge, because every plunge is the best time to observe whether the currency is strong. Mature investors do not have time to invest their emotions in the market situation of panic selling, not to mention that this panic comes from an opinion report rather than actual facts.

Think about it, the worst outcome is that the Bitcoin spot ETF in January is not approved, and BTC will have a major correction to the next support level near $38,000. How? This does not prevent a violent bull market in the coming year.

In the final analysis, the macro conditions of the bull market are the Fed's interest rate cut, and Crypto and US stocks have risen together; the medium conditions are the improvement of industry infrastructure and the emergence of paradigm innovation applications; the micro conditions are the benefits of various projects. After ruling out LUNA and FTX in the past two years, the biggest risk now hanging over the industry lies in the decision-making of the US government.

Crypto is an industry driven by technology, and short-term violent fluctuations in currency prices do not affect the overall upward trend. Combining macro, meso and micro conditions, I feel that we are getting closer to the point where the bull market will explode.

I don’t want to always mention the “bull market”. Because it doesn’t matter whether it’s a bull market or a bear market. In a bull market, some people lose all their money, and in a bear market, some people make millions. The most important thing is DYOR, which requires hard work to judge the market environment, perceive market sentiment, control risks, and study the fundamentals and technical aspects of the project.

The more panic spreads, the more we need to emphasize the above common sense. I always believe that if you make money, you realize your knowledge, and if you lose money, you are willing to admit defeat. Everyone must be responsible for their own judgment.