Don't think about shorting $BTC or $ETH with high leverage and no tight stop-loss right now! Crypto isn't in freefall. It's just retracing earlier than the stock market and it will continue to drop if SPX does the same. Honestly, everything is unpredictable right now. One tweet from the right person can change so, so much!
However, this downtrend is here mainly because of Japan and the US. Their economies are intertwined and the current US administration is a bit hectic, to put it nicely. As such, traders with unlimited budgets are trying to figure the right move forward. Japan has been hit by auto tarrifs, even though it played nicely with the US. Traders expected some market-wide relief but it didn't happen. Now they're derisking a bit later than others. That's why we'll see weakness. Many still hope that Trump will soften up. I don't think that'll be the case. Not right now, anyway.
Moreover, most countries end their fiscal year today and we have broad US tarrifs coming in two days.
Keep your composure and survive until the second half of April. We could get a relief rally, and you might exit your positions then.
Personally, I believe the market will start to anticipate a Fed rate cut and we could see a steady move to the upside until mid-June. I'm mostly bullish on $BNB and some new coins such as Keeta.
Good luck and be safe! Don't get liquidated! #TrumpTariffs