How should short sellers trapped tonight survive?

Powell's 'dovish' speech has led to a general rise in the cryptocurrency market, and many short sellers find themselves trapped. Here are four core response suggestions from Chang'an:

1. Recognize the trend and cut losses quickly: The current news (interest rate cut expectations) and technical aspects (breaking resistance, increased trading volume) both show an upward trend. If your short position is light, seize the opportunity to cut losses decisively during pullbacks; do not hold onto false hope.

2. Adjust positions and reduce costs: If slightly trapped, you can reduce your position during pullbacks to free up funds for low-priced long positions to make up for losses; if deeply trapped, proceed with caution. You can make light long positions at support levels and after a rebound, cover your short positions to lower costs, avoiding frequent operations.

3. Be cautious with locking positions and control risks: When uncertain about the trend, you can lock positions in the same cryptocurrency (equal number of long and short positions) to limit losses, but be wary of increasing trading costs. Wait for a reversal signal before unlocking.

4. Maintain a steady mindset and improve capabilities: Avoid chaotic operations due to anxiety; rationally review your short-selling logic. Going forward, you need to learn technical analysis and macro news interpretation to enhance your trading system to cope with future fluctuations.

Fluctuations in the cryptocurrency market are common; there's no need to panic when trapped for a moment. Respond rationally and accumulate experience to seize future opportunities. If you really have no way out, you can contact Chang'an for one-on-one free guidance. #比特币巨鲸换仓以太坊