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BTC fell below 90,000 USD.
The speed at which market panic spreads is always faster than rational thinking. Prices are falling all the way down, with the target adjusted from 95,000 to 92,000, and then looking at 88,000 and 85,000—many people are holding cash, their eyes fixed on lower entry points. But the question is: will you really act at that "perfect low point"?
Looking back, when BTC soared to 100,000, the FOMO sentiment made many people chase the high. Now that it has retraced to 90,000, they are starting to hesitate instead. This psychological game has played out in the market time and again.
But on-chain data presents another side. Despite the continuous price corrections, the holdings of whale addresses are quietly increasing. They do not chase trends, do not watch emotions, but focus on chip costs and long-term value.
Recently, BTC reached around 90800, and a hammer pattern appeared on the four-hour chart, while the RSI on the daily and weekly charts simultaneously entered the oversold area. The technical indicators have provided some signals, but that does not mean "buying the dip will immediately yield profits."
True bottom-fishing is never about accurately predicting the lowest price, but rather about managing positions reasonably and maintaining patience amidst volatility. No one can hit the absolute bottom, but there will always be someone who can hold on until the moment of reversal. The rhythm of the market is hidden in the data, not in the fluctuations of emotions.