The auntie's single-day decline exceeds 4%, dropping 300 points. Is this a bottom-fishing opportunity or following the trend?

Due to the geopolitical impact of the breakdown of US-Iran negotiations and the US military announcing a blockade of the Strait of Hormuz, the crypto market declined across the board today, with both bulls and bears suffering heavy losses. Over 140k traders were liquidated.

From a technical perspective, on the 4-hour chart, the MACD histogram is contracting, buying momentum is weakening, and the RSI is approaching oversold levels. However, the momentum is still declining. Intraday, this is a profit-taking correction after a strong rebound, and chasing the high could be swept away. The strategy should mainly focus on shorting during rebounds.

Reference suggestions:

Sell in batches within the 2220-2240 range, stop-loss at 2260, with a target of 2160.