In the crypto market, many people like to 'guess the bottom'. Every time the price drops sharply, someone asserts: 'This is definitely the bottom!' and rushes to buy. But the reality shows that most of those guesses only trap investors in liquidity.
In the recent adjustment period, many people once believed that the mark of 104,000 USD was the bottom. When the price fell to 100,000 USD, another 'new bottom' was mentioned, and money continued to flow in. However, the market continued to decline, even at times unable to hold 98,000 USD. If we keep guessing that 90,000 or 80,000 USD is the bottom to buy more, it's easy to fall into the vortex of 'averaging down' and sink even deeper.