This morning, as soon as I opened my eyes, I saw BTC slide from over 90000 all the way down to 88102, and many people started to panic: 'Is it going to crash?' 'Should I cut my losses?' 'Can I buy the dip?'

Something big has happened in the news: smart money has 'raised the shield'

The biggest news last night was the actions of the Bitcoin whale MicroStrategy. Many people only see that it 'holds over 600,000 BTC', but the truly critical signal has been overlooked:

It has 'paused its accumulation'. It is worth noting that this company has been buying more and more like a bottomless pit over the past few years, buying the dip all the way down. Now it suddenly stops, which is a strong 'wait-and-see' signal.

It has hoarded 21.9 billion US dollars in cash. Where does the money come from? It is raised by selling stocks. What does this indicate? It indicates that it is preparing ammunition for a possible 'worse situation', and also seeking self-preservation amid severe market fluctuations. Even the most stubborn bullish institutions are beginning to be cautious, how optimistic do you think the market sentiment can be?

Sister Mei's view: This is not a negative bomb, but this is a 'weather vane turning'. Large funds are telling you: short-term risks have increased, I need to fasten my seatbelt. How to lay out specifically, follow Sister Mei, she will provide the latest ideas here.

Technical chart explanation: Why is 88000 very 'suspended'?

Let's look at our 4-hour chart. Although the MACD yellow and white lines are still above the 0 axis, brother, this is like a person who still has breath but is already lying in bed.

Pressure like a mountain: The upper points 90500 (key level) and 91500 (high pressure level) are like two big mountains. With the current downward momentum and trading volume, is it possible to directly V-shaped rebound? The likelihood is extremely low. Every rebound will encounter huge selling pressure at these positions.

Weak support: The current price is 88102, like standing on a thin ice. If it breaks here, the first target is 86800. If it can't hold here, the bearish strength will directly target the 85000-84500 area, which is also recognized by many technical analysts as the 'phase bottom support zone'.

Sister Mei's view: Trend is king. Currently, the daily trend is downward, and the 4-hour chart is also weak. Until the trend clearly reverses, 'guessing the bottom' is the most dangerous action. Where to enter the market specifically, where is the safest stop loss? Here is already a reminder, those who want to follow along, become Sister Mei's villagers!

What should retail investors do today? Remember these three steps!

Saying more is not as good as providing something practical. If you currently have a position, or want to buy the dip, please follow this thinking:

Heavy position holders: Stop fantasizing about recovering your capital immediately. Take advantage of any rebound to the vicinity of 89000-89500, and resolutely reduce your position! Take back part of your principal first; only with cash in hand can you have a chance to survive, and you will have chips when it really bottoms out.

Light position/empty position holders: Control your hands! Don't rush in just because you see a drop. The best opportunities come from waiting. Focus on observing the gains and losses of 86800; if it drops here and can stabilize quickly with reduced volume, then consider trying a small position. The real heavy position opportunity needs to wait for a stabilization signal in the 85000 area.

What everyone needs to do: Set a stop loss! Don’t tell me to 'hold on a bit'. In a clear downward trend, 'stubbornly holding on' is equivalent to digging a pit for yourself.

The market has come to this point, panic and greed are intertwined. But I want to say, a bull market doesn't collapse in one day, and a bear market doesn't come in one day. The current fluctuating decline is digesting the previous bubble and brewing the next opportunity.

But opportunities are only reserved for those who are prepared and disciplined. Chasing highs and lows all day is not as good as calming down and learning how to understand these institutional signals and technical languages.

Follow Sister Mei, focus on contract technical strategy analysis, the team still has spots available to join #加密市场观察