BTC dropped below 90,000, are you feeling restless? I understand. It seems harsh to fall from the peak of 126,000, and it's a pity not to buy. But in a moment of impulse, you often end up buying at the halfway point!
Why do we always fall into this trap? Fundamentally, it's two mental demons at play.
What you think is cheap now is because your mind automatically compares it to the peak of 126,000. You think: "It's already 30% off, isn't it a bargain?"
But the market doesn't care whether you buy at 80,000 or 100,000. It only looks at the current real situation: where the big funds' costs are, whether macro hot money is coming in or going out, and whether market sentiment is completely rotten.
Last time it dropped from 69,000 to 35,000, how many people called it a halving, the iron bottom! What was the result? It fell all the way to 15,000. Using historical highs as a ruler to measure the bottom is purely self-comfort.
The real reference line should look at the actual holding cost of most people, and whether the Federal Reserve's words are tougher than the interest rates. If neither of these has sent a clear support signal, then the difference between 90,000 and 126,000 is just a matter of numbers.
Another kind of restlessness is the psychological discomfort. Watching the price slide, the internal dialogue is: "If I don't buy now, what if it rebounds and I miss out," or "I didn’t sell when it was so high, now that it's so low I must scoop some up.
This essentially fills fear with emotion instead of using logic to judge the trend. The consequence is that with a slight rebound, you rush in, or if it drops, you keep averaging down until you run out of bullets, watching helplessly as it continues to halve.
The solution is very simple but counterintuitive: set strict rules in advance, then execute like a machine.
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