Bitcoin has dropped to 60,000, and Ethereum has fallen below 2,000. How should one operate correctly?

After two consecutive weeks of accelerated declines, Bitcoin and Ethereum have both plummeted over 20% in a single day. Those who are bearish are excitedly shouting that it will continue to drop for another six months, while those who are stuck feel despair and get hit hard. Many have started to cut their losses, while some enter the market to try and make short-term gains.

Actually, no matter which capable blogger's analysis you look at, you first need to be clear about: what level are you operating on?

For example, if you are trading a multi-month market trend, there will inevitably be pullbacks in between, but the following months can indeed recover; if you are day trading, don't focus on others' long-term logic, and if you're investing for the long-term, don't be swayed by short-term fluctuations.

This is also the reason why many retail investors feel increasingly confused and think that no one is reliable — they themselves haven't figured out what cycle they want to operate in.

From each person's perspective, as long as they can make stable profits, the approach is correct; there is no absolute right or wrong.

1: I am still in the car; it doesn't matter how the market moves now. The key is that you need to have a plan: how to respond if it drops and how to operate if it rises. Rather than looking everywhere for opinions and blindly following trends, the market will not move based on how you think.

2: Only investors who can think independently are considered qualified. This market and this world are filled with chaotic voices every day, and it is easy for people to be led astray. Whether in life or trading, truly capable people have the ability to think independently.

The premise of independent thinking is that you have a set of experience and logic that has been verified through practical combat. Only those who persist in independent thinking and strictly execute their own rules can barely be considered qualified investors in this market.