One Yin Through Three | Cautiously Accelerating Downward

1. The daily chart of BTC has crossed three, and the corresponding fast and slow lines have confirmed a death cross. The only bullish signal is that it is still above the zero axis, so the risk is already very high. From the hourly chart, the long bearish candlestick has broken below the previous low, which synchronously feels the bearish momentum is building up. If shorting at 70K, it would be a good opportunity, with a stop-loss at 71.5K. The ETH trend is the same as BTC.

2. PAXG has reached the neckline, which is also the critical boundary line between bulls and bears at 4400U. If it breaks below, a double top will form, so the support at 4400 is relatively strong. If buying at this moment, it would be a good entry point to consider building a position. Fortunately, a reminder to exit and reduce positions was given above 5000 points, seeing risks and acting promptly; the longer it drags on, the more unfavorable it becomes.

3. The recent rally of CRCL will also end with the decline of BTC, but the ninth brother believes it will be difficult to return to the last low of 50U. Currently, there are two key points at 91.8U and 65.5U. If one day Bitcoin hits 50K, CRCL should also be a good buying point, referring to the two key levels mentioned above.

In a bear market, the downward space for BTC has at most doubled, and it may stop falling at 50K. The space is limited, and to reach that position, time is an even more ruthless 'big player'. Whether in contracts or spot trading, it will wear down your patience and wash away your chips.

Therefore, in a bear market, it is even more important to protect your bullets.