When I woke up, I felt like the Qing Dynasty had fallen again! I was so depressed that I lost so much money!
I calmed down and analyzed the reasons and formulated countermeasures.
The decline was mainly due to the excessive increase in Bitcoin, and the profiteers chose to leave the market; high inflation led to the postponement of the Fed's interest rate cut expectations, and the market funds were tight; Grayscale's operations and market concerns, as well as the tense situation in the Middle East, exacerbated the downward trend.
Now Bitcoin has fallen below the important support level, and Ethereum has fallen even more sharply. It is recommended that everyone wait and see and wait for the market to stabilize. Don't rush to enter the market before the time to buy the bottom has arrived.
Don't operate with a full position to avoid the high risk of contract trading. Stay calm and wait for opportunities.
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