Bullish obsession with shorting, bearish blindly bottom-fishing, this round of bear market's destructive power far exceeds that of the bull market

After two consecutive weeks of decline, a week of collapse followed, with institutions and whales sequentially under pressure, and retail investor sentiment nearing a critical point. In a weak market, going long can only be done with light positions and tight defense; today’s long positions triggered stop-loss.
Before the US market opens, the price directly broke below the 70,000 level, and continuous downward movement left bulls with no breathing room. The current trend has already deviated from technical analysis frameworks, being entirely driven by news, with negative news continuing to ferment; at this point, shorting is only a test of holding courage.
#当前行情抄底还是观望？