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According to some, Bitcoin has been in a bear market for almost three months since its peak.

It has been fluctuating between 80,000 and 90,000 for over a month now. I've been dollar-cost averaging during this period. No one knows where the bottom is, but this price is definitely cheap in the long run.

After looking at many indicators and analyses, I also tend to think that 80,000 is likely the short-term bottom. There's still hope for a rebound to around 100,000 within two months, but whether it will continue to be bearish or turn bullish after 100,000 is hard to predict.

Many people don't dare to buy when the market crashes, then chase highs when the bull market comes. They regret not buying when prices hit new highs.

Every time the market drops and conditions are bad, everyone asks, "Will it drop further?" When it recovers, they regret, "Why didn't I buy then?"

The market is like this—it always punishes those who are only wise after the event.

Real profits don't come from predicting tops and bottoms but from having the courage to bet when no one cares, being greedy when others are fearful, and staying calm when others are greedy. This sounds simple, but only when you act on it do you realize how hard it is to overcome human nature.

Changpeng Zhao put it well.

If you still have faith in crypto, then just buy and hold.