It is estimated that many people chased high prices and got stuck, and many shorted at the bottom and got liquidated. As the market has progressed to this point, everyone is already on edge, and any news will lead to an exaggerated reaction.
This world has really gone crazy; in just ten minutes, a false message and a rebuttal completely manipulated the rise and fall of the global financial market. The most fatal thing is that we still have no idea if there will be any follow-up.
Insights: 1. Do not short at the bottom 2. Do not chase high prices
In the larger direction, I believe that the risk may still be repeated on the 9th, and this may not necessarily be the bottom. Therefore, if you want to trade, you can wait a bit.
The upcoming market will be very difficult to predict, as negative and positive news could cause sudden drops or surges at any time.
In terms of Bitcoin spot trading, it shouldn’t deviate too much from here (in extreme situations, it could be around 69,000). You can hold at least 50% of your position.