Once again, macro news hit hard. Yesterday, tensions around tariffs in Europe and America intensified, and BTC decisively plunged. The entire market saw nearly 870 million in positions wiped out in one day, with all being long positions swept out. In the face of such systemic risk, no single contract or product has any room to dodge.

I specifically looked at the market chart. WAL has already broken below the nearly week-long consolidation range. This is not just a technical adjustment; it’s purely driven by risk-averse sentiment. The large funds’ long-short ratio in the futures market has started to decline, indicating that serious players are also shifting to a defensive stance.

What should I do? The sharp decline triggered by macro events usually comes quickly and fiercely, and the rebound is often swift and decisive. My strategy is very clear — I won’t cut losses and admit defeat in panic, but I’m also not foolish enough to try to catch the bottom. I’m waiting for two clear signals: one is that the hourly chart shows consecutive lower shadows at a certain price level, indicating someone is taking on positions; the other is that the overall liquidation volume on the network has eased, and the market’s panic indicator is no longer worsening every minute.

Simply put, at this moment of macro bearishness, technical analysis can’t help much for now. The most practical approach is to stay patient and wait for the market to show signs of stabilization. When that moment arrives, the opportunity will come.