#Gate广场圣诞送温暖 Dark times require maintaining rationality!!!

This morning's sharp drop once again confirms the severity of the bear market pattern. Bitcoin not only broke below the psychological level of $88,000 but also approached the support at $86,000, with market sentiment hitting freezing point. From a technical perspective, the $85,500-$87,000 range has become the latest line of defense for the bulls. If the price can stabilize above this range, combined with oversold signals from RSI, the market may organize a technical rebound towards $89,000-$90,000. However, any initial rebound should be seen as a technical correction. In the absence of significant improvements in macro fundamentals, a trend reversal to the upside requires more time and confirmation signals.
On the news front, the expectation of Fed rate cuts has sharply declined, and mixed economic data have created a negative resonance, while the inflow of institutional funds has dried up, exacerbating the situation. The combined effect of these factors has led to accelerated market declines. Wintermute OTC trading head Jake Ostrovskis pointed out: “In the absence of key economic data, the Fed's policy path remains uncertain, and this uncertainty is more suppressive of investors' risk appetite than any other factor, especially among high-risk assets.”
In terms of operations, extreme caution is even more necessary:
● Operate with a light position and strictly set stop-losses
● Be patient and wait for stabilization signals, avoid blindly bottom-fishing
● Focus on the support at $85,500 and changes in market volume
Although the market faces short-term pressure, major opportunities often emerge after extreme panic. Bitcoin's mean reversion oscillator has flashed a green oversold signal for the first time, which historically often indicates the formation of a cyclical bottom in a bull market. The darkest hour is often just before dawn. At this critical point of the bulls and bears' battle, staying calm is more important than reckless trading. The market always moves through volatility; find opportunities in fear, and stay rational amidst greed—that is the key to long-term survival.