Today's market presents an astonishing scene of liquidation, with the liquidation amount surpassing 1.7 billion USD, involving over 570,000 liquidated accounts. This scale has already surpassed the previous '312' incident.

Through a detailed observation of the liquidation map, many investors are diving into bottom-fishing actions. However, judging by the current situation, the market is unlikely to quickly achieve a V-shaped reversal.

In this round of market activity, the main players seem to intentionally use wash trading methods to wear down all investors' courage to buy the dip.

Looking back, the last time the price of Bitcoin spiked to 90,500, the bullish forces suffered an almost devastating blow, but then quickly welcomed a rebound.

In comparison, this rebound process is quite slow, thus bottom-fishing should be cautious, following the principle of buying moderately on small dips, staying still when there are no dips, and decisively increasing position on significant drops.

Decisively bottom-fishing during a sell-off is a wiser choice compared to chasing highs.

From a long-term perspective, the overall trend of the market is upward. We just need to successfully get through the current correction cycle, and the dawn is ahead.

It is particularly important to warn that after experiencing three consecutive days of upward movement, Bitcoin's one-day crash has ruthlessly consumed all the gains. At this stage, its rebound momentum is clearly insufficient, so in terms of operation, it is appropriate to accept the spike orders.