Bitcoin's recent drop is really extreme! Last night, it dipped as low as 74,868, and our long target zone didn't even give us a chance. If there's no opportunity, don't force it; trading is about timing, not impulsiveness.

Currently, the price is stuck around 76,000, with the 15-minute MACD stuck together, no clear direction, both bulls and bears are holding back waiting for signals.

First resistance upward is 76,600; only if it breaks above that is there hope, with a breakout target of 77,800; downward support is at 75,500, and if it breaks that, look to 74,868—this is the bulls' last line of defense, and if it breaks, expect acceleration.

For bears wanting to participate, try a small position around 76,600, don't hold stubbornly. Funds have been flowing out recently; observe where liquidity is heading.

For contract traders, use leverage cautiously; at this level, the market can turn on a dime, don't get overexcited. Price is always right; instead of fussing over why it doesn't hit exact numbers, follow the market movements.