What should we do after the big drop#加密市场反弹 The global market has been thrilling in the past two days. The decline in the Bitcoin and Ethereum crypto markets has been particularly tragic. So in the face of this situation, this form, what should we do as traders?

I believe many traders have heard that others are greedy, I am fearful, others are fearful, I am greedy. This is also the underlying logic that many people are willing to take great risks to buy the bottom in a falling market. The reference they give is not an indicator, but they believe that there will be greater opportunities and better chips in an extremely panic market. I also agree with this view that there will be good opportunities when the market is falling, but you must also be prepared to bear the risk of further decline.

As a technical trader, in this case, should we take the initiative to buy the bottom? Or choose to wait? It is a question worth thinking about.

US stock market#标普500

On August 5, the US stock market fell by more than 4% in the form of a gap. Although it rebounded after the market, it has already dealt a heavy blow to the global market. The price fell below the daily 120MA in the form of a gap, which is not conducive to the development of the bulls.

BTC trend#BTC☀

The same can be seen from the trend of CME Bitcoin futures. In this way, it fell below the 120-day moving average in the form of a gap. There was a price reaction at the densely-stocked position near 52,000 points. From the perspective of technical traders, the upward trend here has been broken, and the support at the current position is not effective enough.

My opinion#等待下一波進場時機

The daily level decline, this gap-down decline, is very powerful. It takes a certain amount of time to repair, or to unify the market cost. I am not opposed to doing a small-level rebound, which will take a greater risk. In my opinion, if you rashly participate without seeing the trend clearly, the risk and return are not proportional. Give the market a certain amount of time to repair. Here we look forward to a 1-hour level bullish reversal trend, and we try to make a return after the decline!