From the perspective of market panic, the market has been in a state of extreme fear for four consecutive days. The vast majority of people in the market have already watched the bear market, and under such market sentiment, now is definitely not the best time to sell chips. From a technical perspective, one can pay attention to EMA200, which is often regarded as an important long-term trend indicator. When the price is above EMA200, it may be considered a long-term upward trend, and when the price is below EMA200, it may be considered a long-term downward trend. From a technical perspective, when Bitcoin effectively falls below $73000, it can be declared that Bitcoin has entered a bear market. Currently, macro is undoubtedly the biggest uncertain factor affecting cryptocurrency prices. Although the United States has been continuously promoting various positive developments in cryptocurrency compliance, it is precisely because of Trump's swinging of the tariff stick that investors are generally pessimistic about macro expectations. However, it is worth noting that institutions still generally maintain the expectation that the Federal Reserve will cut interest rates twice this year. Only by releasing water can we inject liquidity into the market. The situation is really good, we really have to wait until the Federal Reserve cuts interest rates. What investors are most concerned about now is where the price of Bitcoin will fall. The bottom is unpredictable, the market is constantly changing, and what can be controlled is investment operations. For investors, once Bitcoin falls below $73000, they can make batch buying or fixed investments, and then wait for the next round of rising market to sell in batches.