$BTC

The market experienced a sharp decline yesterday, pulling back from around 101500, hitting a low of about 96180!

The surge two days ago, followed by last night's crash, left many people back to square one, and many others got washed out of their positions.

When the market falls below the daily low, continuing to go long is no longer viable; adjustments should be made based on the strength and trend of the market. This transition between reality and illusion is where the experience of seasoned traders lies!

Currently, the market has retraced nearly 6000 points, making it somewhat blind to go short, as it is unclear how much lower it can go, while there is significant potential for gains above!