I just looked at the liquidation map. If $BTC drops to 90,000, there will be over 2.43 billion long positions liquidated.

It seems that after this sharp decline and the liquidation of leverage, there are still quite a few people waiting to buy the dip. I don’t think the market will quickly rebound to a V shape. This time, it needs to wash out everyone so that they don’t dare to act easily.

I remember last time when it dropped to 90,500, the longs were cleaned out thoroughly, and then the market rebounded quickly. This time, the rebound is slow, which feels a bit strange. I suggest that those who want to buy the dip take it slow: buy a little on small dips, don’t buy if it doesn’t dip, and buy more on big dips.

This is definitely better than chasing highs. We must believe that the overall trend is still upward; we just need to get through this period of adjustment. Using high leverage is playing with fire; it’s best to place orders at market lows and wait to buy the dip—don’t rush. Those who are anxious in this market have already been buried!

If you want to know which assets can be bought at the dip, feel free to check my posts; there are tips there!