What to do if the market plummets

Although the market decline did not show a typical waterfall-style decline, after two days of adjustment, the current long position liquidation amount has reached 1.4 billion yuan, close to the 1.5 billion yuan in a single-day liquidation during the last waterfall market. This situation reflects that many people have misjudged the market, ignoring that the current adjustment is just a fishtail market, and mistakenly expecting the large-scale trend to continue to move upward.

From the current point of view, the price of Bitcoin should be temporarily supported near 95, and it may stop falling in the short term, but whether it can form a shock bottom is still uncertain. Although the liquidation data seems to be sufficient, the position data still needs further adjustment, the funding rate also needs to turn negative, and the K-line chart needs to form a sideways structure at the bottom to confirm the real bottom. Therefore, the market may need more time to sort out. You can consider going long in the short term, but if you expect a larger rebound, you still need to be prepared to move the stop loss and beware of market reversals. #比特币市场波动观察 #比特币战略储备