Is BTC's bloodbath falling below 98000 a bargain or an escape? From $128000 to $96000, a 24% drop in two months - is this the end of a bull market or a bottom fishing trick? Starting from a low of $102000 in September, it skyrocketed all the way to a historic high of $128000 in mid October, and then? A large bearish thread directly pierced through 110000 or 100000. There are three knives hidden in the picture 128000 → 114000: Fake breakthrough, real temptation The "skyrocketing" candlestick at the high point in October saw a decline in trading volume, an excessively long upper shadow line, a classic false breakthrough, retail investors chasing higher prices, market makers selling, and a textbook level harvest. 110000 → 100000: The multi headed defense line is completely lost The blue trend line (front low line) is abruptly cut off, and the bearish trend is officially established. Every time it rebounds near the trend line, it is a precise smashing of the market - giving no way out. 100000 → 96000: panic market+stock explosion trend The latest weekly solid directly engulfed the first three bullish lines, and the bearish momentum took over comprehensively. On chain data: Over 1.5 billion dollars were sold out in 24 hours, and bulls were bleeding profusely. Are we going to search for the bottom or escape now? Here are three hard core judgment indicators for current signal operation. It is recommended that the monthly line level falls below the trend line+a large amount of bearish candlesticks dominate, and it is forbidden to buy the bottom against the trend. Key support. If the 96000-94000 (formerly high-density area) is lost, the 80000 yuan fund rate will continue to be negative, and the confidence of short and long positions will collapse. The conclusion is that there is no short-term rebound basis: it is not a bottom fishing, but a knife cutting. Unless you are a 0.1% immortal level player, do it now=give away your head. Short positions and other signals, wait for the weekly bullish line to swallow up and increase volume, and then discuss buying at the bottom. Now? Cash is king. The last big truth is that the bull market is not over, but your capital may be gone. This wave from 128000 to 97000 is not the market punishing you, it's you punishing yourself. Falling to around 90000 is within normal expectations. Perhaps, be patient and wait. Currently, there will still be fluctuations around 100000, and waiting for a wave of acceleration is the opportunity!