BlockBeats News, August 23rd, Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), stated that according to the complete historical cycle chart, if $57.8K is the bottom of this cycle, the time and percentage drop differ significantly from the previous three cycles, leading to a large number of bottom-fishing skeptics relying on historical data. If the market only consolidates for a period of time, the fomo sentiment will grow, and it will be difficult to see another drop. The pullback may be a potential buying opportunity, but perhaps only momentarily.
Jiang Zhuo'er disclosed his trading plan in a recent lengthy article "Has the Bull Market Really Arrived? What Should Bears Do Now?": Plan A is to buy immediately if BTC falls back to the $67K to $72K range after the selling momentum exhausts. Plan B is to buy at the current price at the latest before the end of October, regardless of the price. Jiang Zhuo'er stated that missing an entire bull market in the future is much more terrifying than missing the current price increase.

