2.6 Friday Night Bitcoin / Ethereum Silk Road

The Federal Reserve's hawkish stance, a pullback in the US stock market, and profit-taking have led to a deep decline in Bitcoin, which directly broke the key support level of 64,000, with the lowest dropping to around 59,800. Technically, the 7-day and 30-day moving averages have formed a death cross and are trending downward. The price is being suppressed by the moving averages. Today's rebound from the lows is just a weak correction after a sharp decline. The candlestick pattern also shows long bearish shadows and short bullish bodies, indicating that the selling pressure has not been fully released. Going forward, the main strategy is to short on rallies.

The market has now entered a phase of widespread panic selling, and the bottom has not yet been reached. The real opportunity to make big money is to buy the dip at the bottom: when Bitcoin drops into the 5-digit range, consider half-positioning in potential coins; if it falls into the 4-digit range, don't hesitate—buy the dip directly and patiently wait for the bull market to start.

Personal advice:
Bitcoin can be sold down from around 66,000-67,000, targeting 63,000-62,000. If it breaks below, look toward 60,000.

Ethereum can be sold down from around 1930-1980, targeting 1830-1730.