This week, Bitcoin has dropped nearly 3,000 points so far.

77k to 74,000, no explosions, no black swans.
Since Tuesday, it’s been gradually declining each day, neither urgent nor slow.
On Friday, it slid from 77k to 75.5k and closed; this morning, as Asian markets opened, it directly broke through 75k.
Robinhood Crypto’s COO has left. The timing coincides with their crypto revenue collapsing, retail investors no longer playing, management stepping back first.
Seeing these two news items together: on one side, market makers are fleeing; on the other, 11% hash power is preparing to go to Mars. 🌍 F2Pool founder’s eyes are no longer fixed on the market.
This week, my feeling isn’t panic, it’s exhaustion. 😮‍💨 Panic can be saved by a single bullish candle.
Exhaustion is worn down by one bearish candle after another.
The rebound from Wednesday to 78k was wiped out completely; from Friday to Saturday, it couldn’t even hold 75k.
The group has gone quiet, private messages have decreased.
This silence is much more real than rivers of blood.
Regarding this week, I emphasized during the live broadcast on Monday that the core focus is on risk release!
Prohibit long positions! Unless you are a 5-minute ultra-short-term trader, then I can’t control that!
Below 74k down to 68k, there aren’t many trading clusters.
Bitcoin never waits for you to be ready.
A deep bear phase is about to arrive!