Please stay calm regarding the current market conditions, don't get overly emotional. Both long and short positions can make money, depending on your skills. Some friends have held a short position of 70,000 and have been holding on until now.

For small players like us, it's still solid to stick with spot trading; at least we won't lose everything, and there will always be opportunities to come back.

If you want to play with contracts, just use a low leverage and small position for some excitement. Trend analysis and technical indicators are just worthless to traders; if you incur losses, those with technical skills can only curse the market makers, and there's nothing else you can do. You won't earn a single cent from the market makers.