$BTC The average cost of institutions is generally in the range of 60,000 to 70,000. If it really breaks 80,000, there should be strong support.
However, if it really falls below the institutional cost line, it will indeed be very miserable. By that time, retail investors will have basically cut their losses, and what remains will be institutions stepping on each other.
I think at this position, let's first see if we can hold 85,000. If that breaks, then we'll look at the support at 80,000. Take it step by step, and don't think too much about extreme situations.
When the market is in panic, it's often the best opportunity. But the prerequisite is that you need to have bullets and control your positions well.
FF's drop is indeed a bit harsh. A daily drop of 8.48%, and technically it does lean bearish.
RSI being oversold is a signal, but in the current market environment, oversold may become even more oversold. The unlocking of tokens is basically like a sword hanging overhead; liquidity is already poor, and another wave of selling pressure would make it look worse.
I've been paying attention to the concept of RWA. Institutional funds are indeed entering the market, but retail sentiment is too poor. Looking at the project direction in the long term is not an issue, but in the short term, it's about enduring this wave of panic.
I think at this position, if you really have confidence in the long-term logic, building positions in batches is more rational than going all in at once. After all, both the technical and emotional aspects are at the bottom area.
