BTC breaking 70,000 ≠ Now is the time to buy, nor does it mean a crash is imminent; the core principles are: don't chase highs, don't leverage up, only use idle funds, and set proper stop-losses.

1. First, understand the current situation (2026-03-06)

- Price: around $70,000+, short-term surge followed by volatility, large fluctuations

- Risks: frequent liquidations within 24 hours, high leverage risk

- Drivers: institutional ETF funds, geopolitical safe-haven, short covering; but the resistance at 75,000-78,000 is strong

- Reminder: This does not constitute investment advice; markets change rapidly, risk is your own

2. What you should do now (choose based on your situation)

1. If you haven't bought yet (most common)

- ❌ Absolutely do not do: chase highs with full position, add leverage, borrow money/loans to buy

- ✅ You can do:

- Mainly observe, wait for a correction to stabilize at 69,000-70,500 before considering

- Use only idle funds, total position no more than 3%-5% of total assets

- Try in small batches, never go all-in

2. Already holding a position (with unrealized gains)

- ✅ Take partial profits: reduce position in stages between 73,000-75,000 to lock in profits

- ✅ Set proper stop-loss: short-term below 71,000, long-term below 68,500; exit if broken

- ✅ Keep a core position: use profits to gamble on further rise, avoid greed

3. Stuck or floating loss

- ❌ Do not do: leverage liquidation, stubbornly hold without stop-loss, buy more as it drops

- ✅ Do:

- Check your position: if over 5%, reduce to a safe level

- Set strict stop-losses, avoid hopefulness

- When rebound near cost, reduce in stages and exit

3. The iron rules for ordinary people (life-saving)

1. Idle funds principle: losses won’t affect daily life, never leverage up

2. Position limit: total funds ≤ 5% allocated to crypto assets

3. Stop-loss discipline: set at entry, exit when triggered, don’t average down

4. Don’t chase highs: don’t buy impulsively after big gains, wait for a correction

5. Don’t gamble on news: only watch capital flow, regulation, technical analysis; ignore hype calls

4. Key short-term price levels (reference)

- Support: 70,500, 69,000, 68,500

- Resistance: 73,000, 75,000, 78,000

- Break below 70,000 with volume: short-term weakening, be cautious when entering

Summary in one sentence: Currently in high-level consolidation, observe more, act less; if buying, wait for a correction, keep small positions, set stop-losses; if selling, take profits gradually, keep some core holdings