2.6 Friday night Bitcoin / Ethereum Silk Road. The Federal Reserve's hawkish stance and a pullback in the US stock market, coupled with profit-taking and exiting, led to a deep decline in Bitcoin, which directly broke the key support level of 64,000, dropping to around 59,800. Technically, the 7-day and 30-day moving averages formed a death cross and moved downward, with the price being suppressed by the moving averages. Today's rebound from low levels is just a weak correction after a sharp decline. The candlestick pattern also shows long bearish shadows and short bullish bodies, indicating that the selling pressure has not been fully released. Going forward, the main strategy is to short on rallies.

Currently, the market has entered a phase of widespread panic selling and has not yet bottomed out. The real opportunity to make big money is to buy at the bottom: when Bitcoin drops into the five-figure range, consider half-position in potential coins; if it falls into the four-figure range, don't hesitate—buy the dip directly and patiently wait for the bull market to start.