$BTC BTC):

• Price: As of 11:30 on March 7, the price of Bitcoin fell to $81,200, a cumulative drop of 25.8% from its historical peak in January, reaching its lowest level since November 2024.

• Reason: The escalation of geopolitical risks, hawkish remarks from the Federal Reserve, negative industry safety and regulation, and significant funding pressure have jointly led to a sharp drop in Bitcoin prices.

• Technical analysis: Bitcoin fell below the psychological level of $80,000 on a weekly basis, forming a downward channel, and the short-term support level moved down to $78,000. • Short-term strategy: Since the price of Bitcoin has fallen sharply, there may be a rebound opportunity in the short term. It is recommended to go long with a light position around $84,000, set the stop loss at $83,000, and target $85,500 to $86,500.

• Medium- and long-term strategy: If the price falls below US$78,000, it is recommended to adopt a defensive holding strategy, reduce the leverage ratio to below 30%, set a stop loss at US$77,500, and prioritize the allocation of stablecoins or gold ETFs to hedge risks. $BTC