Bitcoin's recent drop has been really intense! Will it continue to fall? Is now a good time to buy the dip? Let's break down the latest situation in plain language:

1. BTC is truly weak right now. The daily MACD has already formed a death cross, and the previous rebound has completely ended, returning to a long-term downtrend. Plus, the Federal Reserve is scheduled to hold a rate hike meeting at the end of January, so the market is likely to be sluggish before that, making it hard to rally. After such a sharp short-term decline, is there a chance to catch a rebound?

2. There is actually support around 91,000, as mentioned before. Risk-takers can try to push for a rally, which could see about 1,000+ points of rebound, with a roughly 60-70% success rate. But a safer approach is to avoid frequent trading; wait for a significant rebound before considering short positions.

3. However, neither of these options is the best. The most reliable strategy is to focus on the two key resistance levels at 94,500 and 98,000, and gradually build long-term short positions. This way, you avoid the trouble of missing out on shorting earlier or getting caught in long positions, fundamentally sidestepping problems.

4. In the short term, the short positions added around 93,300 are already showing results, with the price indeed falling to around 91,000. Also, small coins like WLFI, ICP, and Binance Life, which were hot earlier, were fully shorted during the market's craziest FOMO phase. Those who didn't understand at the time should now have a clearer picture.