Market panic continues to intensify, with Bitcoin severely oversold. In the afternoon, the price fell below the 70,000 level, and as Bitcoin broke downward, Ethereum also accelerated its decline. The overall trend is still quite consistent with Lao Yang's approach, basically following the expected path. During this period, multiple positions in Kongdan were arranged; not to say they are all profitable, but each one has yielded considerable returns. The current environment isn't the most difficult, nor is it the most comfortable, but fundamentally, it's about cultivating the ability to withstand cycles. The greatest fear often corresponds to the best buying opportunity. Do you choose to tremble and exit in panic, or quietly follow the trend and steadily position yourself when no one is paying attention?

From the current market situation, Bitcoin's four-hour downward channel is clear, with continuous downward moves, small bullish candles at low levels with decreasing volume, but signs of stabilization have not yet appeared. The Bollinger Bands are opening downward, with the price sliding along the lower band. Although there is a short-term rebound demand, the major bearish trend remains unchanged. Ethereum is linked to Bitcoin, touching the 1954 level for a small rebound, oscillating at low levels, with insufficient rebound volume. Panic selling has not yet cleared out, and institutional funds are also withdrawing, so our operations still follow the rebound Kongdan strategy for positioning.
Short Bitcoin at 70,000-70,500, target around 68,500
Short Ethereum at 1990-2020, target around 1900#微策略出售32枚比特币 $BTC