This time BTC’s sharp decline is different. There is no significant sign of rebound, giving people a feeling of despair or even bottomlessness.

I suggest not to rush into aggressive long opening or buying operations, but to wait for confirmation on the right side of the market, such as waiting for the three-day line to close stably at $56,000, or other bottom support levels such as $50,000-52,000 or even $46,000.

Since this decline is somewhat divorced from the technical picture and more like panic selling, the safest strategy is to wait for the market to confirm stability before entering the market.