March 4th Jing'an Shipan Summary:

Today, Bitcoin's 1-hour chart surged to 73,688 before closing with a long upper shadow. Short-term momentum has clearly weakened, although the MA7 remains above the MA30, the price and moving average divergence is too large, indicating a need for a pullback.

Today, the Silk Road still suggests trading Kong. Although there was a rally, we still look for opportunities to take two positions: one with 1,000 units at 1000 points, and another with 800 units at a steady drop! Stability is victory!

The token unlock pressure for over $6 billion throughout March continues. Coupled with the Fed's rate cut expectations being delayed, rising U.S. Treasury yields, and a strong dollar suppressing risk assets, the previous positive news from Trump has been fully digested by the market, lacking new upward catalysts. Yesterday's rebound was too rapid, retail traders' chasing high sentiment was strong, and institutions have shown signs of profit-taking, which could trigger short-term profit-driven declines and increase the risk of a sharp pullback.

Early morning suggestion: Light Kong above 73,000, set good stop-losses, and aim for a short-term drop of about 500-1,000 points. Medium to long-term, consider reducing Kong and holding around 70,000. $BTC $ETH