How many hearts has a Yin-Yang needle shattered? Under the stimulation of news, the price ratio exploded instantly. How many people were caught off guard by this sudden rise and fall? Our evening trade was entered at 120500 and exited at 119700, unfortunately hitting a loss of 800 points; however, this was unavoidable, as there are no decisions that are 100% correct. The key lies in whether we can effectively execute a stop-loss strategy to avoid greater losses. The cryptocurrency market experienced a significant plunge in the evening. This is likely a strong washout action by capital taking advantage of market news (FUD), aimed at completely cleaning out the long leverage in the market. Currently, there are no positions held.

Strategy Adjustment: Pause Immediate Longs: The originally planned long position is on hold. Observe the Market: Time is needed to observe the subsequent market performance. Wait for Signals: Patiently wait for the market to stabilize, the panic sentiment to be released, and a clearer bullish signal to emerge before considering going long.

There’s not much to say about the future market; since they want to wash out the longs, they definitely want to clean out the bulls thoroughly! Using the news from ppl to wash! If you don't have positions now, don't act yet; still need to wait a bit longer! There will be another dip before laying out long positions!