Bear markets are generally divided into several stages. Currently, we are very likely in the second stage of the bear market (the confirmation stage). In this stage, BTC may either decline or trade sideways, while the USDT market cap decreases, market funds are rapidly exiting, and confidence is collapsing. In 2018, there were no major negative news, and BTC mainly fluctuated; in 2022, impacted by Luna and the Three Arrows Capital incident, BTC experienced a sharp decline. The current negative factor is the Iran conflict, which has a weak impact on liquidity, but the US stock market needs a correction, and the market may experience downward volatility. Regarding the bottom-fishing opportunity, the earliest possible stage is the third stage (the accumulation stage). At this point, the USDT market cap rises, and investors can gradually buy the dip with partial positions. The optimal bottom-fishing zone is not necessarily present; for retail investors, the right-side recovery stage is more ideal, when the USDT market cap continues to grow, BTC bottoms out, stabilizes, or even moves upward. Currently, Trump’s visit to China may end the geopolitical negative news, but whether a black swan appears during communication is unknown. There are still events like Wosh’s appointment and Japan’s interest rate hikes to consider. The first wave of bottom-fishing opportunities requires patience, and a comprehensive judgment should be made based on USDT market cap, geopolitical factors, monetary policy, and other considerations.

【$LINK Signal】Pullback to go long + 1H level charging for launch $LINK The 1H level is undergoing a critical support zone with reduced volume consolidation, with prices closely following the EMA20 moving average, and fierce battles between bulls and bears. The 4H level shows wide-range oscillation, but open interest remains stable, with no signs of major players fleeing. The current pullback seems more like a preparation for the next surge. Buy orders have significantly deeper depth than sell orders, with dense support below, and declining momentum exhausted. 🎯Direction: Long ⚡Entry/Order: 8.638 - 8.725 🛑Stop Loss: 8.520 🚀Target 1: 8.950 🚀Target 2: 9.150 🛡️Trading Management: - Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks above 9.0 and stabilizes, move the remaining stop loss up to 8.85 to seek greater gains. Depth Logic: Although the price has slightly declined, open interest remains stable, indicating this is not a large-scale long liquidation but more like a shakeout by major players. The 1-hour RSI is in a neutral to weak zone, leaving room for a rebound and recovery. Market depth shows substantial buy order support below 8.72, forming a strong support wall, while sell pressure above is relatively sparse. Once a breakout is initiated, resistance is minimal. Combined with normal funding rates, there is no liquidation risk, making this an ideal position for bulls to hide. View real-time market 👇 $LINK --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #美伊局势影响

On March 4th, according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain address prefers to use 40x leverage trading. Over the past month, it has lost $4.99 million. Out of 50 trades, 20 were profitable, with a win rate of 40%. This address has been using 40x leverage to trade BTC since February 18th, engaging in both long and short positions. The opening and liquidation prices are often only a few hundred dollars apart, sometimes even less than $100 at the extreme. Most of the time, it wins small and loses big, but still opens trades frequently, with positions held for no more than 24 hours.