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The recent market situation is truly insane. Opening the candlestick chart makes my heart race. When Bitcoin drops, the group chats are filled with "It's over, it's zeroed out" messages, and some are pounding their keyboards in frustration, shouting "This time it must break 40K." I just wonder, why haven't these friends learned their lesson? Isn't the crying and cutting during the 2020 312 crash enough?
Let me put it this way: $50,000 is the real bottom of this correction. It's not a risk; it's an easy win.
Having been in the crypto world for many years, I’ve summarized one key rule — Bitcoin’s bottom is never caused by a fall, but is forced out by market sentiment. Just look at history. At the end of 2018, BTC dropped below 6000. Back then, the entire network was piled with short positions, headlines were full of "Cryptocurrency is dead," and no one dared to buy the dip. In the 2020 312 crash, it plummeted to 3800, exchanges collapsed, leverage was wiped out, forced liquidations turned into disasters, and the scene was chaotic to the extreme.
What’s the situation now? Although the decline isn’t small, there aren’t many shouting "It’s over." Instead, a group of people are quietly building positions. What does this indicate? Market sentiment hasn’t yet reached its true limit.
From a technical perspective, the $50,000 level isn’t just a random guess. Look at the weekly chart — this level exactly sits on the support line of the long-term upward trend since 2021, and it’s also a high-liquidity zone that was tested multiple times in the second half of last year. Simply put, this is the capital cost line for institutions and major players, a "safety cushion" left for us by history.