# Blue Luan Sister Talks Market: This drop is too severe, don’t act recklessly right now, listen to my advice!
First, let’s clearly look at the market:

## 1. Technical Perspective at a Glance: All cycles are falling
- 15-minute, 1-hour level: last night from 68000, 67650 all the way down to around 64400, moving averages are all bearish, MACD crossover downward, green bars getting longer, RSI directly dropped to the teens, **extremely oversold**, short-term bears completely control the market.
- 4-hour level: similarly going down, moving averages begin to show a bearish arrangement, MACD breaks below the zero line, mid-term trend has weakened, the decline continues.
- Daily level: since February 20, it’s been continuously declining, moving averages turning downward, upward momentum exhausted, **large-scale adjustments are also underway**.

In a word: Short, medium, and long-term cycles all show bearish signals, with no luck involved.

## 2. News is too frightening: Panic is at its peak
- $238 million liquidated in one hour, long positions completely wiped out.
- BTC falls below 65000, ETH drops below 1900, all key levels broken.
- Long-term ETH whales are selling, V God is reducing, all major accounts collectively face losses for the first time.
- The fear and greed index directly drops to 5, **extreme fear**.
- Even mining companies are liquidating Bitcoin, selling pressure is very real.
- Even prominent figures buying the dip are getting trapped, indicating that now is not a good time for casual money tossing.

## 3. How to view the market? Key levels marked clearly
- Short term: The sharp drop is not over, the rebound is very weak, the risk is extremely high.
- Mid-term: The decline is confirmed, still need to look for a bottom.
- Long-term: The bull market logic is still there, but this adjustment will be deep.

**Key levels:**
- Resistance: 65000, 66000
- Short-term support: 64000 (very likely to break)
- Mid-term support: look around 60000
- Long-term focus: This critical position of 42000

Currently, there are no signs of stabilization, mainly large bearish candlesticks, **if there is no bottom seen, don’t guess the bottom**.

## 4. Practical Suggestions: Hold your hands, it’s better than anything else
1. Ordinary people: **Don’t catch the bottom! Don’t catch the bottom! Don’t catch the bottom!** Entering the market now is highly likely to catch falling knives.
2. Wanting to enter: Must wait for volume to increase, price to stabilize, and indicators to show golden crosses; don’t act until signals appear.
3. Short-term experts: If there’s a rebound to resistance, you can lightly short, **must have stop-loss**, don’t take heavy positions.
4. Long-term players: If you really want to layout, focus on around 42000, buy slowly in batches, definitely don’t go all in at once.

More quantitative breakdowns of real-time information affecting market sentiment have been updated in my Blue Luan Crypto Classroom: www.qinglan.org

## Blue Luan Sister’s Final Reminder
The more extreme the market, the more stability is required.
Don’t let fear lead you away, don’t let greed cloud your judgment.
**Respect the market, protect your capital, wait for stabilization before taking action, only then will you be the one who truly profits.**

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