The current market has experienced price divergence, leading to drastic fluctuations in a short period and triggering panic selling.

From the order flow and liquidation heatmap, the market has returned to a clean natural rebound phase. Whether there will be a second round of panic selling depends on the performance of the rebound to key levels. However, for risk control considerations, one should consider averaging down by adding positions and then think about reducing positions or closing all at key levels to avoid risks. After all, there are uncontrollable crisis factors emerging in the macro environment.

ETH 1,3780 2,3870

BTC 1,97800 2,98800

A sharp drop is not scary, holding positions is not scary; what matters is to seize the opportunity when it arises. In a major upward trend, going long gives you a chance to recover, but if you go all in and face liquidation, even a savior cannot help you.