The cryptocurrency market has seen a good rebound now, but it should be noted that there are still 7 billion unallocated funds in the Mentougou wallet address, which shows that there is still a certain degree of uncertainty in the market, and it is not advisable to be blindly optimistic for the time being.
Although I continue to be optimistic about the future of the cryptocurrency market, for risk management considerations, it is recommended to gradually reduce the holdings of the previously bottom-fishing currencies during the current rebound. You can consider replacing high-leverage positions with low-leverage positions, or replacing positions of certain small currencies with stable spot.
During the previous plunge, my suggestion was not to clear all positions, but to reduce the risk line of liquidation to below 52,000. If you have idle funds on hand, you can take advantage of the opportunity to bottom-fish, especially the good news of Sol. In the end, the market did not deteriorate further and ushered in this rebound, which can be said to have avoided a disaster.
Finally, I would like to emphasize that when bottom-fishing, do not be greedy for high multiples of returns and avoid greed affecting judgment. Do a good job of risk control and maintain an appropriate position. I believe that the market will perform better when risks are controllable.
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