As previously mentioned by Ghost Brother, Bitcoin's key level of 97250 is a resistance point that, if leveraged 100% on altcoins, cannot hold this position, and might even get taken out before reaching this level.
Our basic principle of trading altcoins is built on the sentiment of Bitcoin, operating based on that rather than blindly chasing highs and cutting losses. Secondly, the various signs in the current market show no indication of a short squeeze.
When Bitcoin drops by one point, altcoins might drop by three to five points, or even ten points. In such cases, opening 30x or 50x leverage is no different from gambling. Even in situations with absolute certainty, one can only open 20x to achieve 20 times the profit on the order cost.
Therefore, the vast majority of people have no clear understanding of the underlying logic and operate recklessly, leading to repeated mistakes. In the future, for each order, we must remember that risk control is paramount. Only by reducing leverage and understanding the importance of risk can one hope to survive.