As a seasoned retail investor in the crypto space, I want to share my thoughts on the upcoming BTC market. I know everyone is eager, so I'll first address two urgent questions: 1. Can BTC be bought at the bottom now? It hasn't bottomed out yet, but there's a short-term opportunity. 2. Should I sell now and buy back later? I personally lean towards buying the dip during the decline to lower the average cost, since most of my BTC is dollar-cost averaged. This wave has caused some losses, but I’ve prepared some bullets. I believe the best time for a true bottom hasn't arrived yet. Here are my reasons for the decline: 1. The backlash from BTC ETF. BTC was created to counter the traditional financial system and is called "digital gold." However, with Wall Street's recent structural entry, rapid price increases have also changed its structure. Now, with the stock market moving in tandem, ETF outflows will inevitably lead to BTC selling pressure. 2. The false premise of "digital gold." Last month’s Iran-Israel regional conflict caused Bitcoin to plunge first, weakening its safe-haven status. Coupled with the surge in gold and silver, people are waking up: in times of real crisis, they trust the US dollar and gold under the bed more than anything. BTC is just a "little follower" of the dollar, and in tense moments, it’s often the first to be sacrificed. 3. Kevin Woorh appointed as the new Fed Chair. He is a typical hawk who won't easily bail out the market but will firmly defend the dollar’s value, further increasing market pressure. 4. Epstein email decryption storm (I don’t believe it). Multiple factors lead to the same result. It’s quite ironic—now, retail investors in the crypto market are almost gone. The old veterans either dollar-cost average or pretend to be dead. Only a few institutions are still fighting, making the market very fragile. This is also why the recent sharp decline was so fierce and community voices are scarce—fewer people holding on to crypto. For those committed believers, don’t worry. Look at the K-line over the years: BTC at over 60,000 USD a few years ago was a dream high. Back then, if someone said Bitcoin would rise above 100,000 USD, I’d think they were crazy. So, this crash is essentially a reset of market expectations: we were too optimistic before, thinking Trump’s actions would cause a reckless rally, that the dollar would collapse instantly, and that retail investors would always be the ones to buy the dip. I see this as a great opportunity to re-evaluate the market more clearly. Those who truly remain are those who believe in decentralized value and institutions quietly dollar-cost averaging at low levels. No pain, no gain. The battle for the dollar’s value will continue. In this market of stockpile competition, I firmly believe BTC will迎来 the next glorious chapter. #BTC