The Bitcoin price movement over the past two days has been a textbook-level rollercoaster.

On December 1st, BTC plunged directly from around $90,000 to $83,800, a drop of nearly 7%. At that time, the entire market was filled with panic, and many retail investors sold at a loss and exited.

But what happened next? From December 2nd to 3rd, the price rebounded strongly above $93,000. This rebound caused short positions to be liquidated for over $400 million within two days. Even more explosive news was that Vanguard Group and Bank of America almost simultaneously announced their support for crypto assets.

What really happened behind the scenes? The answer is actually quite simple—while retail investors handed over their chips at the bottom out of fear, institutional funds were quietly accumulating. The so-called crash was essentially a process of chips transferring from weak hands to strong hands.

For players with smaller capital, I have a few suggestions:

First, always keep some cash on hand; I recommend keeping at least 30%. This way, you can add to your position when prices drop, and you won't be left completely out when prices rise.

Second, if you don't understand the market trend, don't force yourself to trade. The periods of most intense volatility are often the easiest times to lose money.

Third, learn to wait for signals. For example, when the fear index bottoms out, trading volume shrinks significantly, or there is major positive news—these are all reference points for entry timing.

So, what should you do now? Institutions entering the market is just the beginning; the current liquidity environment is still relatively loose. If you already have a position, consider setting a stop-loss at $88,000 for protection, and take profits in batches within the $95,000 to $97,000 range. If you haven't entered yet, don't rush to chase the highs. Wait for the price to pull back to around $90,000 and then gradually build your position for a more stable approach.

Remember this: The market is never short of opportunities. The key is that you need to preserve enough strength to wait for the wave that truly belongs to you.