The prophecy of $BTC really turned out to be accurate, but the big drop came earlier than I thought. The U.S. stock market hasn't opened yet; it might have been dragged down by the Japanese stock market or a catch-up drop. Without market support, this is how it is.

Currently, the price is around the previous low of 78. Looking at the Bollinger Bands, the entire K-line has completely exited, indicating an extreme oversell. There haven't been any major negative news during the day, so it should recover a bit around 79.

If the U.S. stock market doesn't perform well at night (which is very likely), it might head towards 73. 73 is also the starting point of this round of increase and a previous high point, so there will be strong support. If you are looking to invest long-term, you can enter a bottom position; there are still expectations for interest rate cuts, so it will eventually recover.

If you still have spot positions that are stuck, you can wait for the daytime recovery high to short hedge a bit. Alternatively, you can also consider shorting.