【The Autumn of 2019—That Same Taste】
Do you remember October 2019? In the group chat, everything went dead silent—fear levels crashed to around 20 degrees. BTC went from 14,000 down to 7,300, nearly a 50% drop. The market was so desperate that nobody dared to speak. And what happened next? It later pulled off a rally of nearly double.
What about now? $ 63957—up 1.3% in the last 24 hours, and down 0.2% over the past 7 days. The fear index is 25, “extreme fear,” and the weekly average is also 25. But the price has started to stabilize—this isn’t something I’m saying; it’s what the chart is telling me.
The time I got liquidated in 2017, I died by the obsession that “extreme fear can get even more extreme.” Back then, I thought, what does a 60% drop even mean—there could still be an 80% one after that. What happened? I couldn’t hold on, I cut, and then it took off.
Now BTC has retraced about half from its all-time high. Trading volume is so dead it’s ridiculous—everyone is watching and waiting. At times like this, long-term capital has already started eyeing it. They don’t chase hype; they look for moments when other people are afraid.
What should we focus on next week? Trading volume. If price wants to go up without volume, that’s just pretending. The key resistance is 65571. The support zone is 61277. I’m not saying where it can go from here—but I will say this: at this level, looking from a long-term perspective, it’s not bad.
As for my trades last week? I said I wouldn’t chase, and my hands still felt a little itchy—but this time, I really didn’t move. I’ve been harsher than anyone, but my hands were steadier than anyone—muscle memory trained by the market.
What about you? What’s your mindset right now? Are you brave enough for this move? Are your hands itchy?
Do you remember October 2019? In the group chat, everything went dead silent—fear levels crashed to around 20 degrees. BTC went from 14,000 down to 7,300, nearly a 50% drop. The market was so desperate that nobody dared to speak. And what happened next? It later pulled off a rally of nearly double.
What about now? $ 63957—up 1.3% in the last 24 hours, and down 0.2% over the past 7 days. The fear index is 25, “extreme fear,” and the weekly average is also 25. But the price has started to stabilize—this isn’t something I’m saying; it’s what the chart is telling me.
The time I got liquidated in 2017, I died by the obsession that “extreme fear can get even more extreme.” Back then, I thought, what does a 60% drop even mean—there could still be an 80% one after that. What happened? I couldn’t hold on, I cut, and then it took off.
Now BTC has retraced about half from its all-time high. Trading volume is so dead it’s ridiculous—everyone is watching and waiting. At times like this, long-term capital has already started eyeing it. They don’t chase hype; they look for moments when other people are afraid.
What should we focus on next week? Trading volume. If price wants to go up without volume, that’s just pretending. The key resistance is 65571. The support zone is 61277. I’m not saying where it can go from here—but I will say this: at this level, looking from a long-term perspective, it’s not bad.
As for my trades last week? I said I wouldn’t chase, and my hands still felt a little itchy—but this time, I really didn’t move. I’ve been harsher than anyone, but my hands were steadier than anyone—muscle memory trained by the market.
What about you? What’s your mindset right now? Are you brave enough for this move? Are your hands itchy?