From the perspective of market panic sentiment, the market has been in a state of extreme fear for four consecutive days. The vast majority of people in the market are bearish, and under such market sentiment, it is certainly not the best time to sell.
From a technical perspective, one can pay attention to the EMA200, which is often regarded as an important long-term trend indicator. When the price is above the EMA200, it may be seen as a long-term upward trend; when the price is below the EMA200, it may be regarded as a long-term downward trend. From a technical standpoint, when Bitcoin effectively breaks below $73,000, it can be declared that Bitcoin has entered a bear market.
Currently, macro factors are undoubtedly the biggest uncertainty affecting cryptocurrency prices. Although the U.S. has been continually promoting various favorable developments in crypto compliance, the looming threat of Trump's tariffs has made investors generally pessimistic about macro expectations. However, it is worth noting that institutions still generally maintain expectations for the Federal Reserve to cut interest rates twice this year. Only by injecting liquidity into the market can it truly recover. A real market turnaround does need to wait for the Federal Reserve to lower interest rates.
At this moment, what investors are most concerned about is where Bitcoin's price will head next. The bottom is difficult to predict, as the market changes rapidly, but what can be controlled is investment operations. For investors, once Bitcoin breaks below $73,000, they can start to buy in batches or make fixed investments, and then wait to gradually sell during the next round of price increases.
