2.6 Friday Night Bitcoin / Ethereum Silk Road The Federal Reserve's hawkish stance and a pullback in the US stock market, combined with profit-taking and exit strategies, have led to a deep decline in Bitcoin, which directly broke through the key support level of 64,000, with the lowest dropping to around 59,800. Technically, the 7-day and 30-day moving averages have formed a death cross and are trending downward. The price is being suppressed by the moving averages. Today's rebound from low levels is just a weak correction after a sharp decline. The candlestick pattern also shows long bearish shadows and short bullish bodies, indicating that the selling pressure has not been fully released. Going forward, the main strategy is to short on rallies. Currently, the market has entered a phase of widespread panic selling and has not yet bottomed out. The real opportunity to make big money is to buy the dip at the bottom: when Bitcoin drops into the 50,000s, consider half-position in potential coins; if it falls into the 40,000s, don't hesitate—buy the dip directly and patiently wait for the bull market to start. Personal suggestion: Bitcoin may decline southward around 66,000-67,000, with a target of 63,000-62,000.