Bitcoin's recent market trend has indeed been unfriendly. From a technical perspective, it has already lost the key support level, and the downward pressure is significant. If the decline continues, 84,500 will be the first line of defense; further down, it will depend on whether 80,000 can hold. There will definitely be opportunities for a rebound. On the four-hour chart, there should be a correction, and a rebound to 91,000 would be considered good.

My own strategy is as follows — I have already added more than 10,000 positions in batches on the spot side, and I have also built a long position of over 60,000 in coin-margined futures. Once the price rebounds above 90,000, I will consider reducing some long positions based on the specific situation to lock in profits.

Additionally, the IP token has been quite active recently. If I hadn't closed a 30,000 short position in time last night, I might have faced a 6,000-point drop this morning. The recent market volatility has been quite intense, so I need to be cautious.