Many indicators show that the level of BTC is now approaching the bottom of the drop in April. However, there are several differences between this wave and the one in April, so we cannot simply apply the same old solutions.

1. In April, MSTR had hundreds of millions in buy orders every week, with at least 2,000 to 3,000 BTC in each order, which gave the market confidence.

2. At that time, the US stock market was also retracting, and MSTR's buy orders helped BTC stop its decline.

In this round,

On the institutional side, MSTR has run out of money, with weekly buy orders only a tenth of their previous strength, around 200-300 BTC, which is negligible. Additionally, the US stock market has not yet fallen, and this round has not started to kill valuations. BlackRock is definitely continuing to sell as well.

On the retail side, retail investors in South Korea, China, and even the US seem to have cooled off. I've heard they are still pulling money to rush into the stock market, leading to capital diversion, making it feel difficult to hold in the crypto market.

If we say that in the last round, the overall situation was good enough to maintain confidence at 80,000, can we still hold the same 80,000 under the current headwinds? This round may require a longer-term and more stable strategy.