I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.
No matter the situation in the market, I am never scared. When the market goes up I am happy, and I take my profit and leave the rest. And when the market goes down, I am not worried at all, rather I start buying the coins I want to buy, most especially Bitcoin. I already know that no matter what, the market would always recover pretty well in the future. And the good thing now is that I am buying at a very low rate than what it will be in the next four or five years. So, there is nothing to be worried about when the market is bearish like this.
People who clearly understand the market will feel no worried about the situation, only those who are in doubt. Well, I can't hate what they feel coz that seems normal for the newcomers and we know that many people had come without knowing the volatility risk of crypto making them get easily panic and then sell. Until they don't learn the real-life crypto investment, they always act the same. But for us who knows already, we even buy more and fill our bag.
I think the crypto price decline is still normal and there is no need to worry, because previously there had been a much worse price decline,
so I am very optimistic that the market will recover soon. Even if we look at the current market the price of some coins starts to rise
by around 1%-2%. This means that the market shows a positive trend, hopefully the price of Bitcoin can soon return to above the price of
$50k again, thus making altcoins go up too. So indeed we have to be calm and patient in this current situation, even if I have extra money,
I will buy more coins that I consider potential. Because this is how the crypto market works, so never stop learning about the crypto world,
so that we are all more confident that the future of crypto is very bright and do not hesitate to invest in cryptocurrencies.