Today's market sentiment remains shrouded in extreme panic (16), with surging weekend selling pressure and rampant short positions. However, beneath the surface, the 4-hour MACD multi-period moving averages have quietly formed positive resonance, with technical signals showing a bottom-building pattern; BTC's key defense line of 70K remains rock-solid, and ETF funds have seen net inflows exceeding $500 million for 3 consecutive days against the trend, with institutional bottom-fishing intent clearly evident.

The current market is in the tail end of irrational selling, but sentiment recovery still requires time.

Operational suggestions: Do not chase shorts blindly; prioritize defensive counter-attacks, ride the waves along key support levels, and strictly control positions within 30%. Bear markets often have long bullish candles, bull markets often have sharp declines; patiently await right-side signals.

Remember: Those who dare to position during sharp crashes will have the last laugh.