$BTC BTC）：

• Price: As of March 7 at 11:30, the price of Bitcoin has fallen to $81,200, a cumulative decline of 25.8% from the historical peak in January, marking the lowest level since November 2024.

• Reasons: Factors such as escalating geopolitical risks, hawkish statements from the Federal Reserve, negative industry security and regulatory news, and significant funding pressures have collectively led to a sharp decline in Bitcoin prices.

• Technical Analysis: The weekly level of Bitcoin has broken below the psychological barrier of $80,000, forming a descending channel, with short-term support shifting down to $78,000. • Short-term Strategy: Given that Bitcoin prices have already declined significantly, there may be a rebound opportunity in the short term. It is recommended to take a light long position near $84,000, with a stop loss set at $83,000 and a target of $85,500 to $86,500.

• Medium to Long-term Strategy: If the price drops below $78,000, it is advisable to adopt a defensive holding strategy, reducing leverage to below 30%, setting a stop loss at $77,500, and prioritizing the allocation of stablecoins or gold ETFs to hedge against risks.