Looking back at the Bitcoin market over the years, it's truly been a world of change. Now, when analysts say that $100,000 is the next key support level, I can't help but think of the 2017 bull run. At that time, $10,000 was considered a sky-high price. Who would have thought that a few years later, the support level we're discussing has already reached $100,000?

But the market always repeats itself, never exactly the same. This decline is mainly due to profit-taking and technical weakness, somewhat similar to the ICO bubble burst back then, but the causes are not entirely the same. In the short term, the positive impact from the U.S. government reopening is fleeting. It seems that macroeconomic factors have limited influence on the crypto market.

From historical experience, such significant pullbacks are often good opportunities to accumulate. But I also want to remind everyone not to be blindly optimistic. If the price truly falls below $100,000, it could trigger another round of panic selling. After all, market sentiment is always swinging between greed and fear.

For seasoned investors, after experiencing several big swings, it's even more important to stay rational. Don't let short-term volatility affect your judgment, and don't overlook potential risks. Paying attention to fundamental changes and managing your positions well are the key to navigating bull and bear markets. History will eventually repeat itself, but new variables always emerge. Only by maintaining reverence can we stay invincible in this ever-changing market.