The market is in a state of extreme panic during a severe cold snap, with bulls experiencing a series of liquidations. Under the dual pressure of continuous institutional fund outflows and macro risk aversion sentiment, the price spread continues to decline. Early this morning, Bitcoin broke below 75,000 and dipped to around 64,500, while Ethereum fell to a low of about 1,767. After the bulls regained some momentum, it rebounded to around 1,820 and is now fluctuating. The early trading strategy I provided has been perfectly validated, and the overall trend was within Old Yang's expectations, with a steady grasp of the rhythm.

From the current market perspective, the daily chart of Bitcoin shows that the short-term moving averages have fully broken below the long-term moving averages, forming an extremely unfavorable death cross, further deepening the medium-term bearish dominance. The daily candlestick shows continuous declines accompanied by large-volume bearish candles, indicating increasing selling pressure. Currently, a very strong unilateral downward trend is underway. Ethereum is表现得比Bitcoin更为疲软，短期高位连续阴跌，呈现典型的空头排列，若接下来无法收复1900关键心理位，以太还会进一步的打开下行空间。
Early this morning, short positions on Bitcoin at 64,700-65,200, target around 63,000.
Early this morning, short positions on Ethereum at 1,830-1,860, #分享美股交易赢英伟达股票 target around 1,700.