I am trading spot in OKX with isolated margin, I don't dare to increase the margin, afraid of getting carried away.

$MOODENG

Yesterday I cut half of the position, and the other half still suffered heavy losses. What's next, cut losses and exit? Or continue to hold? Many people are in a dilemma like me.
First, Powell publicly stated that the Federal Reserve will not hold Bitcoin, which led many funds to flee for safety. This is a normal phenomenon, but after Trump came to power, what this old man said is still uncertain, so this position is very sensitive now. Trump took office on January 20th, and there is still a month left. However, this is already public information, and it may not necessarily lead to a big surge afterward, as there has already been a wave of market movement in November.
Be cautious in times of peace. If the hippo has no resistance over the weekend, it is advisable to hold cash, as the leverage gambling nature is too great; it’s better to go to Macau for some fun, at least there are beautiful models. Yesterday at 0.33, everyone thought 0.3 was the main cost support. What’s the reality? The main player’s cost in the primary market is lower than you can imagine; is there a possibility of selling off at this opportunity? Today it firmly occupies the top three in decline, can you imagine that 0.25 is the bottom? I personally don’t think so. It’s not about creating panic, but rather about properly controlling risks and reducing positions.
In the end, the old saying still holds: no bottom fishing, no family liquidation. I’ll reduce my position again because there is still a 0.53 leverage ahead, and my comprehensive cost is now 0.396. I admit I’m scared 😱 currently losing 13,000 oil. It's agonizing.