When analyzing a wave of the market, everyone should not only look at 120,000-130,000 when it rises, and 80,000-70,000 when it falls. Personally, I believe that chasing highs and cutting losses like this will not lead to good trading. The market's high point is 111,900, currently around 107,000. Overall, it is biased towards the upper track. At this point, considering the market's history, from a probabilistic perspective, the upside is limited while the downside is infinite. Therefore, we should not hesitate at positions worth trying and making mistakes. Just ensure that risk control and stop-loss are well managed for each trade. $BTC