$BTC this wave of decline in the early morning was indeed fierce—dropping $4,000 in a straight line within 1 hour, a nearly 4% drop. Many people opened the market charts with a confused look. Is this a sign of a crash or a bottom-fishing opportunity? Actually, it's not that complicated; let's calmly go over the logic.

First, why did this drop happen so quickly? It’s not because the crypto market itself is having problems, but due to a dramatic change in global macro sentiment—tariff expectations triggered a risk-avoidance wave, with large funds fleeing into traditional safe-haven assets like gold. US stock index futures also took a hit, and Bitcoin, as a high-risk asset, was naturally among the first to be sold off. But there’s a key shift that cannot be ignored: by 2026, the regulatory framework for the crypto industry has become clearly standardized. The new US policy legislation provides a legal basis for stablecoins and interest-bearing products, and traditional giants like Morgan Stanley and Goldman Sachs are applying for related trust products. What does this indicate? Major institutions are still continuously entering and deploying. So, this wave of decline is more like a "technical correction" caused by short-term liquidity tension, rather than a catastrophic crash.

Looking at the technical side, $95,000 has always been Bitcoin’s ironclad support level, holding steady in the past, and from a medium-term perspective, the overall trend remains clearly upward—both the 50-day and 100-day moving averages are in a bullish pattern. But don’t get too optimistic; if the price really breaks below the secondary support at $94,000, there could still be further downside space. After all, global liquidity is tightening now, and crypto assets are inherently more volatile.

Finally, a word of advice for ordinary investors: the most taboo thing at this time is to follow the trend by cutting losses or to get overly excited and go all-in for a bottom-fishing.