If you think this is just an ordinary bear market, then $60k is the bottom.

If you believe this is a new global liquidity crisis, then breaking below $60k is just the beginning of the liquidity crisis.
If you think the collapse of the narrative supporting Bitcoin is happening, then it's heading toward zero—$10k is not the bottom!
Which narrative you subscribe to determines where you add positions, where you panic, and where you completely exit!