$🔍 Analyst Insights - Cyrus 🔍 What should be done when the market dumps & is hit by stop loss/liquidation? 📉 First, we must admit our mistakes. Any trade we take is our respective responsibility. Stop blaming the market/circumstances. Review the risk & money$BTC management. Is it true that we only lose 1-2% per trade? Or perhaps it's already 1% per trade but opening 10 positions? According to trading rules, the ideal is 1-2% per trade & the max trade is 3 positions. So if you lose everything, the loss will only be 6%. This is still quite healthy and we can return it at the next trading opportunity. There is no such thing as a free lunch! 🚫 Trading must be independent, guys! You can't depend on other people's analysis, because when you don't have confidence, you will be confused & adrift. The same chart is seen by different people, rotating it can be different. Flash dumps do not only occur in bear markets, but also in bull markets. The safety way for trading is spot, if you want futures, try to use really special money, for me personally (Cyrus) the futures portfolio is a maximum of 5% of the total portfolio. For example: total portfolio 100,000,000 Allowable for futures (5%): 5,000,000 Risk per trade 1-2%: 50K-100K Max 3 positions So if you get liquidated all max 300k loss / 6%. What about the 95% port? For me 50% BTC, 10% BNB, 35% altcoins.



$ETH & Market Overall Outlook
After observing the market and sentiment, and based on experience observing the price action of Bitcoin, this also applies to Ethereum, because all the attention was on Ethereum after the ETH ETF was acc.
Namely, yesterday after reaching the key supply area at 3932, he immediately dropped -10% with a very long wick
Coupled with meme coins flying -> signs of correction, where in the past BTC also produced a long wick when it touched ATH -> BTC continued to fly for a while past ATH then fell slowly -> memecoins flew then not long after that continued to fall too
Plus, not all altcoins are going up, even though BTC is already close to ATH, and Ethereum is already close to the local top, and only meme coins are flying -> BTC & ETH will continue to consolidate -> and altcoins will slowly fall until BTC & ETH meet their support point , ideally for ETH the support is at 3100 - 3200
This thesis is invalidated if the Daily Ethereum candle closes above 4200, but for now it is highly unlikely to happen
Because I trade in any condition, whether up or down, later I will update whether this thesis is still valid or not, looking at the development of BTC and ETH price movements

✉️ NEWS UPDATES ✉️
Base-based memecoin Normie was exploited and its price fell by more than 99% in one minute, with its market cap dropping from $41.87 million to as low as $34,860. Attackers use loopholes in the contract tax mechanism to carry out flash loan attacks.
In other news:
Normie's team accepted the exploiter's offer to return 90% of the exploited ETH and allow the hacker to keep 10% as a reward. The team also agreed to use 600 ETH from the Normie developer wallet to launch a new token used to replace NORMIE holders.
#EthereumUpdate #MemecoinWatch2024 #MemeWatch2024 #Memecoin2024

Not only Bitcoin, Ethereum also fell to its lowest level in two and a half months at $2,863.74 after a 12% drop in a week.
ETH price continues to decline and has lost more than 19% of its value in April after failing to surge to the $4500 target.
With the market recovering, the token will attempt to cross $4K before targeting ATH.#BTC #Ethereum $BTC