BlockBeats News, August 23rd. Jiang Zhuo'er, founder of Lebit Pool (B.TOP), stated in a post that based on the full 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 many bottom-fishing enthusiasts waiting based on historical data. The market only needs to oscillate sideways for a while, and the FOMO sentiment will grow. It will be difficult to fall again in the future. The pullback may be a potential buying opportunity, but perhaps only momentarily.

Jiang Zhuo'er revealed his trading plan in a recent long article "Has the Bull Market Really Come? What Should Those Shorting Do Now?": Plan A is to buy immediately if BTC falls back to the $67K to $72K range after the momentum of the decline exhausts. Plan B is to buy at the current price by the end of October at the latest, 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.