Looking back on the ups and downs of Bitcoin over the years, I can't help but feel a mix of emotions. Since its inception in 2009, it has experienced countless surges and crashes, each with its own story. The recent crash and the liquidation of 200,000 traders remind me of the brutal correction after the crazy rally at the end of 2017. Many entered full of hope at that time, only to get trapped at high levels. History always repeats itself in astonishing ways.

Currently, the support level around 85,000-86,800 is very critical. If it falls below the 80,000 mark, it may continue to seek new lows. However, from a longer-term perspective, this could be a good opportunity for the main players to accumulate in the 82,000-80,000 range. After all, every major dip has historically been followed by a stronger rebound, a pattern repeatedly validated by Bitcoin over the years.

I believe there may be a rebound in the next 1-2 months. December is likely to be a phase of consolidation and accumulation by the main players, depending on how aggressive their actions are. If it's just small-scale accumulation, the rebound might be limited; but if there's large-scale accumulation with sufficient turnover, a significant rally could be on the horizon.

For ordinary investors, it's advisable to stay cautious and observant at this time. Bitcoin investment is always a long-term game; rushing to chase gains or panic selling often leads to passive positions. It's better to calmly study technicals, observe the market, and wait for genuine opportunities. After all, in this market, patience and vision are the keys to winning.