The current situation of Bitcoin is already very clear, large funds are quietly offloading. I have repeatedly reminded before that no one is willing to take over at the 97.4k position, and as a result, institutions have indeed started to sell off the goods they hoarded at low prices of 76k and 80k. This morning's market directly confirmed that 97.8k is the peak of this phase. Note that this is just the beginning of the decline! According to historical patterns, this level of offloading will at least experience two rounds of plummeting before hitting the bottom. Just look at the movement from last October, you will know that after the first decline there will be a fake rebound to lure people in, followed by a period of consolidation and then a more severe second wave of crash, and the third wave is often the most brutal—specifically targeting those who stubbornly try to catch the bottom, wiping out stop-loss orders completely.

Right now, do not get tempted to catch the falling knife! The first decline has just begun, and worse is yet to come. My strategy is very clear: wait for a rebound to be a shorting opportunity, whether it is Bitcoin or those following altcoins, they will all suffer. If you really want to catch the bottom, at least wait for the second wave and third wave of crashes to finish before talking, by then you can casually pick up the bloodied chips lying around.

The market is constantly changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, let's together navigate through the bull market to stabilize in the market and seize this major opportunity.