Brothers, first let's look at the current market core signals—simple and straightforward, no beating around the bush.

First, Bitcoin's sentiment has now reached extreme bearishness, with the PCR long-short ratio at 1.53, and the bearish outlook clearly dominant. Such extreme sentiment often indicates not a continued plunge, but rather a quick rebound or short squeeze, pushing prices higher. Therefore, the probability of the entire market being driven up by a rebound is very high.

Regarding operations, I’ll give a direct conclusion:
Spot holdings, stay firm and don’t panic.
Under extreme bearish sentiment, the downside is limited. Once a rebound starts, it will be strong, so just hold on.

For futures, do not blindly follow the trend.
Currently, volatility is high, and shakeouts are fierce. Both longs and shorts can be quickly liquidated, leverage risks are at their maximum. Watching and waiting is better than anything else; wait for the market to stabilize before taking action.

Looking at Friday’s options, the maximum pain point is around 2000. Before expiration, prices are likely to gravitate toward the pain point, and the short-term sideways pattern with strength is unlikely to change easily.

To sum up:
Extreme sentiment, a rebound is possible; hold spot positions steady, wait and see on futures.
Don’t chase, don’t panic, don’t hold large positions—just ride the trend steadily.