The market has fallen recently. As a retail investor, you should do the following:
1. For spot positions: check whether the currency is a highly liquid currency, whether the market is hot, and whether the background investment force includes exchanges and large institutions. This type of currency can wait for a callback. For meme coins, only the community and popularity are considered, and everything else is secondary.
2. Users who have purchased ETH and BTC: As mainstream currencies in cryptocurrencies, these two currencies determine the fate of most cottages. Just hold them in spot, and you can make up for the position appropriately during the decline to pull the average price.
3. Contract players; the market is generally bearish now. Contract players can short cottages after BTC and ETH fall, wait for BTC to rebound and then short BTC, and stop loss by code.
4. Novice players who don’t know the market: It is recommended to go to Binance Academy to learn first, watch more simulation operations, wait for BTC to rebound and then layout spot. It is not recommended for novices to play contracts.
Finally, if you are a newcomer in the cryptocurrency circle and you are excited to enter the cryptocurrency circle after seeing BTC hit a record high, then I suggest you follow me first, learn the knowledge of the cryptocurrency circle with me, and improve your basic skills.