Bullish obsession with shorting, bearish blindly bottom-fishing. This round of bear market has far greater destructive power than the bull market.

After two consecutive weeks of decline, a week of collapse follows, with institutions and whales sequentially under pressure, and retail investor sentiment nearing a critical point. In a weak market, going long can only be done with light positions and tight defense; today’s long positions have already triggered stop-loss.
Before the US market opens, the price directly broke below the 70,000 level, and continuous downward movement left bulls with no breathing room. The current trend has deviated from technical analysis and is entirely driven by news, with negative factors continuing to ferment; at this point, shorting is only a test of holding courage.