The $55,000 level that the market has been expecting has fallen below. Some are happy while others are worried. Regardless of the outcome, the market is still

Every decline is a testimony to the value and consensus of Bitcoin, which is also the core factor that enables it to always be the first.

Now that the market has entered a volatile phase, it is also a critical point where every investor needs to calm down and think carefully.

The past is past, and being stuck in it will not solve the problem, so we must learn to look up and look far into the distance, and make more preparations for the future, so as to live up to our youth.

After this round of counterfeit bloodbath, the market fell into a dull state, and a sense of helplessness came from deep within.

Because I have lost confidence in the future and I am very unwilling to do anything about the present, these two emotions are entangled with each other, and in the end no matter what decision I make, it is actually wrong.

The above two emotions are both "negative energy", so you must not get too deeply involved in them, otherwise the next step will be the abyss.

All fears come from incorrect judgment of the market. Of course, the most important point is the lack of a reasonable strategy.

There are bound to be "low-probability" events in the market, no matter it is a bull market or a bear market; so what really makes you lose money is not only the technology, but also the perfect strategy.

BTC has currently broken through a key support level. For most people, this is a breakout and will continue to fall.

However, my personal opinion is that BTC has stopped falling and entered a period of volatility. To start a new round of growth, we must pay attention to the launch of the Ethereum ETF on July 8.

There are several main reasons for stopping the decline:

1. Yesterday, Bitcoin's daily line closed with a hammer line to stop the decline.

2. This wave of decline was very rapid and the volume was large

3. There are already many people in the market who are selling their stocks at a loss and hoarding Ethereum. They can’t stand the trend of the altcoins being cut in half again and again.

4. The market has been falling for about a week, but there has been no large-scale selling by large investors or institutions. The market is mainly shorting contracts.

5. The Fed’s recent statements are no longer hawkish, and the timing of rate cuts is becoming clearer.

6. Bitcoin has broken the previous low, but many mainstream and copycat prices have basically returned to the price around August 2023.

What the financial market needs is people. Only when there are more people will there be capital entering the market and profits will be made.

Therefore, when the market falls to a certain level, it is necessary to calm down and let retail investors see some hope. Otherwise, everyone will leave the market and the main players will not sell their chips. I believe that top institutions such as BlackRock will not do such a loss-making business.

The technical aspects, news aspects, capital aspects, and policy aspects are all in line with the current market development. There has been a sharp drop in early July, and the probability of a subsequent drop is small.

At the end of the article, I also want to remind my friends: the chips with blood during this period are all gold mines

Especially when the currency is trapped, it is even more important to make adjustments in time, otherwise after a deep wash, the flow of funds will only go to the value currency.