BTC's sudden crash this morning came without warning, with Trump's remarks fermenting and directly driving the cryptocurrency market's movement.

No matter how BTC oscillates or bounces back, it will ultimately break downward. The long leveraged positions above 48,000 must be liquidated before any significant reversal can occur, because retail traders who entered early are potential sellers. The market has always been this way and never changes, until the market truly enters a panic phase, then we can judge whether it's worth bottom-fishing.

As for the price so far, it still maintains the perspective from last week. Since shorting from 75,000, the viewpoint has been very clear—this can be seen as a cyclical high point. Short-term drops followed by rebounds are opportunities for second-round shorting. After three consecutive bearish candles on Friday, we welcomed a corrective rally, with price testing the 69,000 level multiple times resulting in different degrees of rebound. If the coming two days continue with minor rebounds, it will be the best timing for second-round shorting.

The only uncertainty now is whether the price will have a minor rebound before dropping, or drop directly. Here's the question: if it's going to drop anyway, why not short directly? Because currently this isn't a trending market, but rather an oscillation phase within a descending wedge. Within a consolidation range, the conversion between long and short is extremely rapid. The risk-reward ratio and risk of chasing shorts far exceed the potential gains, so waiting for rebounds to short is the optimal choice. If it drops directly, we wait for the next wave.