Bittiger Diary: CVDD Speaks, the Truth Still Remains Below

Brothers, this orange line is called CVDD (Cumulative Value Days Destruction), which can be understood as the "historical value baseline" of Bitcoin. Iron Blood Rule: The red boxes in the picture indicate the years 2015, 2019, and 2022. Each true bear market bottom has a common feature: prices must touch or even fall below this orange line to complete the true bottoming process. This is not a coincidence, but the inherent logic of the market: only when prices return to a reasonable range of "historical value accumulation", panic will be completely released and a true bottom will be formed. ⚠️ Current 'suspended state': Looking at the far right now, although the price has halved from the top, there is still a significant gap from the "value baseline" of CVDD. Just like bungee jumping hasn't dropped to the lowest point yet, the rope hasn't been straightened. This huge value gap tells us that although the market is cooling down, it is far from being sold to the point where people doubt their lives. The true surrender style selling has not yet begun. Verification of my strategy: This picture perfectly explains why I dare to wait empty for the 35000-50000 range. It's not that I'm bold, but the data tells me that only when the white line and orange line come into close contact again is the golden window for us to launch a full-scale attack. Prior to this, any rebound was just a relay of a decline, and any 'bottom fishing' was like taking a flying knife. The patience of traders: CVDD is like the "gravity line" of the market, and prices will eventually be pulled back for testing. What we need to do is not to guess the specific time, but to be prepared within this high probability range. Fuzzy correctness is always better than precise error. Continue to wait for the moment when both data and emotions are in place. Bitcoin BTC CVDD on chain data bear market rhythm