Three hours ago, BTC hit a low of 62k. Here's something that might seem silly, but I think it can be helpful in some ways, to correct one's emotions from the influence of surrounding public opinion, allowing one's subjective emotions to slightly detach from the localized "mountain" (the immediate situation). It's a combination of public opinion sentiment analysis and the "time > price" perspective. A: The three large weekly bearish candles from mid-January to early February, dropped from over 90k to over 60k, an average drop of $10,000 per weekly candle. Among them, the single daily candle on February 5th dropped from 73k to 62k, a drop of $10,000 in one day. B: Based on the weekly rate of decline mentioned above, if there are another 6 weekly candles, it could be at zero by mid-March; Based on the daily rate of decline mentioned above, if there are another 6 daily candles, it could be at zero by February 10th. C: If we believe that a return to zero is impossible, that means this rate of decline cannot continue at its original pace, and the deadline for its continuation is the timeframe mentioned above. What we see on X today regarding the overall sentiment surrounding the BTC decline is primarily derived from the "-10k/week" and "-10k/day" decline rates of these three weekly charts and the daily chart from February 5th. Therefore, we can conclude that the overall sentiment on X regarding BTC at the weekly/daily level (roughly representing market sentiment) will change no later than mid-March/February 10th.
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