The Fear & Greed Index today reports 18, reflecting that market fear is intensifying. From the 4-hour chart of Bitcoin last night, a long lightning rod candlestick clearly shows how heavy the selling pressure above is. Most investors who established long positions around 90,000 have already chosen to reduce their holdings. The current trend is still under downward pressure, and no signs of stabilization have appeared yet. Once the news of Japan's interest rate hike is confirmed, Bitcoin is likely to test the 80,000 range. Whether it can hold this level depends on the market’s actual reaction. Currently, the bulls are mainly watching and waiting; do not follow the trend to add positions. Contrarian operations are a big taboo.