#比特币市场趋势分析 Looking back at the Bitcoin market over the years, I have witnessed too many ups and downs. Now seeing the investor confidence index fall back into a trough again makes me recall the situations of past cycles. Data shows that this time the transition from optimism to hesitation to pessimism lasted more than two months, setting a new historical high. But history tells us that periods of stagnation often give birth to new opportunities. After the last three times entering the red zone, the trend started to reverse in about 1-2.5 months. Of course, this time may be different, as each cycle has its uniqueness. However, from a long-term perspective, this cyclical fluctuation is precisely the charm of the Bitcoin market. For those who have experienced many ups and downs, maintaining a rational wait-and-see attitude and being patient may be the wisest choice at this moment. After all, in this ever-changing market, only by adhering to long-termism can one truly traverse cycles and achieve long-term returns.