$CBRS fell 16.74% to 190.2, those who chased the high are already -20%, but the trading volume is still 170M and hasn't shrunk. Now the dilemma is: bottom fishing in hell or continue the plunge, which side are you on?

The bulls say 3 reasons: First, the 185-190 range is the dense trading zone of the past month. Yesterday it bounced after hitting a low of 185.36, indicating buying support at this level; Second, after three consecutive bearish daily candles, the RSI has dropped to around 29, entering the oversold area. Technical traders start buying the bounce; Third, panic is spreading across the market. Many altcoins have dropped 20%+. If Bitcoin stabilizes, liquid assets like CBRS will bounce first.

The bears also have solid arguments: First, from 236 to 185 in 24 hours, a drop of over 21%, and it has only recovered 5%, showing the bounce is weak and the whales are still distributing; Second, last night's sell-off was not accompanied by a strong volume recovery. Most of the 170M volume was selling pressure, with insufficient buying support; Third, if it breaks below today's intraday low of 185.36 at the open, the next support level is directly at the 160-170 zone, where serious accumulation might occur.

My suggestion: You can test with a light position, 3% of your portfolio with a stop-loss at 185.38. If it breaks 185 with volume, just exit, don't fight it. Those wanting to bet on a bounce should wait until it stabilizes above 195 before adding, with an initial target of 210. Don't go all in; the probability that this is not the bottom is greater than 60%.

**Bullish? Hit 1. Bearish? Hit 2**