I saw some comments saying why BTC was chasing after 120000, but now it's 60000 and I dare not buy it? In fact, the logic here is different, one is a bullish bearish logic, and the other is a long-term hoarding mindset. Different ideas naturally determine different outcomes. A market price of 120000 yuan is usually accompanied by a macro level water release and a complete emergence of a right trend. Those who want to enter the market are those who want to buy liquidity premiums and follow the trend, and the market's financial support is extremely strong. Buying at 120000 is essentially paying a premium for the certainty of the trend, which is an absolutely rational and opportunistic transaction. On the contrary, if 60000 is in the gateway channel of macro liquidity detachment and trend breaking, the support below will be paper thin in the face of institutional pressure. Not daring to buy 60000 is not fear, but to avoid the non urgent risk of a unilateral decline on the right side of 10000. Qian Congming only confirms the structure and follows closely to the right, never buying for the fixed effect of the price. Cheapness is never a reason to buy, the trend is the issue. The truly foolish ones are those who think it's cheap just because they see a drop, and go in with their eyes closed to provide liquidity to the main players.