Many investors see the price of the stock at 48,000 or 45,000, and plan to buy the bottom there.
You are just overthinking. Do you think that if the price falls to 40,000, you can pull it back to 60,000 in a few days, or make a V-shaped recovery? It is impossible. The deeper the decline, the longer the consolidation time. Falling back to 40,000 means a longer period of sideways shock. It is normal to choose the direction after consolidating for three or four months.
It is even very likely that there will be another sharp drop after the shock. If you want to buy the bottom at that time, you might as well buy it now. If it falls, you can cut your losses directly. If it takes off, you can see the previous high.
Most people have the misunderstanding that the lower the price, the better it is to buy, and the higher the price, the better it is to short. This is a typical neglect of the time cost.
