Looking back at history, I have witnessed countless ups and downs in the Bitcoin market. The prediction by "bankrupt" trader James Wynn reminds me of the crazy bull run at the end of 2017. At that time, many analysts predicted Bitcoin would break through $100,000, but as everyone knows, that didn't happen.

However, markets always repeat themselves, just with different details. This time, Wynn forecasts that Bitcoin will rebound to the $97,000 to $103,000 range, then decline again, potentially dropping to around $46,000. Such large fluctuations in predictions are not uncommon, especially in the highly volatile cryptocurrency market.

The key is to consider what factors might drive Bitcoin to such high levels. Is it the continuous inflow of institutional funds? or changes in the macroeconomic environment? or the impact of some sudden events? At the same time, why does it fall sharply again after reaching a high point? What risk factors might be involved behind this?

As a veteran who has experienced multiple bull and bear cycles, I advise everyone not to be fooled by a single prediction. It’s important to consider multiple factors such as technical analysis, fundamentals, and market sentiment. More importantly, develop a solid risk management strategy so you can calmly respond regardless of how the market changes.

History has shown us that Bitcoin’s long-term trend is upward, but short-term volatility can be intense. Staying calm and analyzing rationally are key to surviving and gaining long-term profits in this market.