Today's market sentiment remains shrouded in extreme panic (16), with weekend selling surging and bears running rampant. However, beneath the surface, the 4-hour MACD multi-cycle moving averages have quietly formed positive resonance, with technicals showing bottom-building signals; BTC's key defense at 70K remains rock-solid, and ETF funds have seen net inflows exceeding $500 million for three consecutive days in the opposite direction of the trend, indicating clear institutional bargain-hunting intent.

The current market is at the end of irrational selling, but sentiment recovery will still take time.

Operational suggestions: Do not blindly chase shorts; focus on defensive counterattacks, trade the waves closely along key support levels, and strictly maintain positions at 30% or below. Bear markets produce many long candlesticks, bull markets produce sharp pullbacks; patiently wait for right-side signals to appear.

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