The market is starting to bet that it will fall to $65,000 this year, wiping out almost all gains after Trump's victory! Where is the market heading? This night is again filled with blood and chaos, $665 million has been plundered, 149445 people have gone bankrupt, and the market continues to decline and explore the bottom, opening up a large space below. For example, if BTC effectively breaks 70900, it will surely lead to another massive crash. ETH has broken 2225 without recovering, opening up downward space first. At this moment, the market did not establish a strong 1h bullish trend last night, continuing to maintain a strong bearish trend. Under the pressure of risky assets, liquidity continues to sharply weaken, and the number of new users has drastically decreased after consecutive blows. In recent days, although there were orders, the pace has been very fast, such as daily providing analysis for bearish ideas in the videos. For instance, the short position around BTC 76800 yesterday evening prompted all long positions to be withdrawn, and a short position for XAU5045 was established last night. At this moment, XAU/XAG is also experiencing a violent crash! Therefore, recently, it is better to be cautious. Operations should primarily focus on monitoring the market, and every order must include a stop-loss. Regardless of long or short positions, stop-losses must be included; without a stop-loss, no trading should be done. If you cannot bear to meet a stop-loss, do not trade! I reiterate the need to abandon the mindset that one must recover losses and make money before the Spring Festival. Trading is not a matter of one or two days, but a long-term endeavor. When feeling FOMO, immediately pause monitoring the market. In such a market with extremely scarce liquidity, price fluctuations happen in an instant controlled by the market makers! BTC support and resistance levels are 70900/64500/57850, very close to 70900. Will it continue to crash and completely remove leverage from the market, or will it continue to persist in a bearish trend? The market is currently shrouded in extreme panic, and any trigger could lead to further large-scale deleveraging. ETH support and resistance levels are 2225/1860/1600/1385, and do not easily guess the bottom in this wave; guessing the bottom will only lead to worse outcomes! Operation suggestions: trade contracts carefully, and each trade must include a stop-loss; prepare spot positions and start accumulating in batches, for example, adding a layer of position for BTC every 3000-5000 drop and adding a layer for the second coin every 150-200 drop. Hold for three to five months or more, and when the market warms up, it will be easy to earn a significant number of points without any issues!

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