$BTC $ZEC $LUNA @币安广场

Should I buy the dip or cut my losses? After Black Monday, is your faith still intact?

Family, last night was really intense! Bitcoin plummeted below 88,000, with Ethereum, SOL, and others all in the red (the kind that drops), over 110,000 people across the network were liquidated overnight, blood flowed like a river. This is not a correction; it’s a panic sell-off!

1. Where did the storm come from?

The core is just two words: liquidity expectations have changed.

1. The Fed's “promises” have lost credibility: The market suddenly realized that the probability of a rate cut in January next year has plummeted to below 25%. Powell and several officials’ “hawkish” statements shattered the dreams of those hoping for the floodgates to open.

2. A chain reaction of liquidations: The crash triggered a series of liquidations of high-leverage contracts, particularly the nearly $5 million ETH contract that instantly went to zero, shocking everyone. This isn’t a market manipulation by whales; this is a case of insiders trampling each other.

2. Should we be fearful or greedy right now?

In the short term, sentiment has collapsed, and volatility is inevitable. The key support level is the range of $85,000 to $86,000; if it cannot hold, it may need to explore further.

But has the long-term logic changed? It hasn’t.

The institutional entry through ETFs is still there, and the narrative to hedge against the dollar’s credit hasn’t collapsed. Some analyses even estimate the “fair value” of Bitcoin to be around $106,000. At the current price, for those who believe in cycles and the future, is it an opportunity or a trap?

3. A few heartfelt words for my brothers

1. If you are a high-leverage bull: survive first, risk control is paramount. Don’t catch falling knives in a downturn.

2. If you are a spot trader: ask yourself, what was your original intention for buying? Is it believing in the next cycle, or just looking to make a short-term profit? Can your faith withstand the test?

3. If you are watching from the sidelines: make a solid plan; don’t operate based on feelings. Dollar-cost averaging? Place orders in batches? Discipline is more important than guessing the bottom.

The market always swings between greed and fear. The real winners are those who seek the future with reason and planning when others are in panic.

Finally, a soul-searching question:

Do you think this wave is a deep washout of a bull market, or the beginning of a bear market? Are you fully invested and holding strong, preparing to buy the dip, or have you already cut your losses and exited? Share your positions and actions in the comments, and let’s talk about your true thoughts!#加密市场观察 #ETH走势分析 #加密市场观察