At three thirty in the morning, I turned off the seventh price alert.

The coffee has gone cold, and the sky outside is still dark. At times like this, you realize that watching the market is actually a form of self-torture — Bitcoin plummeted from 126200 all the way down to 93000, a total of 33000 points just like that. It's not a slow grind; it's more like an elevator-style free fall. You might call this a technical adjustment? Maybe. But those green numbers in the account really make your heart ache.

# Behind the digital is a testing ground for humanity.

When the panic index dropped to 15, I actually became calm. I've seen this scene too many times - when the market is at its most hysterical, it is often also the closest to a turning point. It's not some kind of metaphysics, just simple group psychology: when everyone is rushing for the exit, what usually follows a stampede is an empty safe exit.

In the range from 94500 to 93500, I looked at the bottom divergence signals on the 4-hour chart. Technical analysis can sometimes be very strange; it won't deceive you, but it may be late. Ethereum has been oscillating around the 3000 point mark, and every time it touches 3080, it feels like hitting an invisible wall—someone is firmly defending this level, possibly a big player or retail investors like us, who knows.

# The Things That Really Matter

To be honest, the recent gossip and KOL feuds have been giving me a headache. After deleting a few groups, the world has become much quieter. Now I only care about two dates:

PCE inflation data on November 26.
Federal Reserve interest rate meeting on December 9.

Others? It's all noise. The market won't change direction because of who insults whom; it will only follow macro data and capital flows. This pullback has come fiercely, but if you look at it over a longer period, after every significant drop, it’s either a deeper bottoming out or an unexpected rebound. Which side to bet on? I don't know, but I do know that those who panic sell often regret it.

# About Sticking to This Matter

I won't shout slogans like "bottom fishing and protecting the market", that's too childish. Nor will I talk about "faith" which is such an empty concept—investing is not a religion, and faith won't put food on the table when your account is in the red.

But I am indeed still here.

It's not because I'm smarter than others, nor because I have a large amount of capital to withstand it. I simply feel that since I'm already in this position, rather than cutting losses and then FOMOing to chase the highs, I might as well see what the market really wants to do this time. If Ethereum falls below 3000, the entire DeFi ecosystem will have to be reshuffled; if Bitcoin can't hold 93000, it might really have to test lower support levels.

But these are all "ifs."

The reality is: no one knows what tomorrow will bring. Those who claim to predict accurately are either Monday morning quarterbacks or have not yet encountered a black swan. The market is always crazier than you can imagine—when it rises, it can make you question your life, and when it falls, it can keep you awake all night.

The outside world begins to brighten at this moment. It's a new day again.

The account is still in the green, but I've decided to take a nap. It's not avoidance, it's because staring at the market for too long can lead to a loss of judgment. Let's wait for the PCE data to come out and see how the market reacts.

If you are still in the market, then take care of yourselves. This market has never lacked stories; what it lacks are those who live to see the end of the stories.