$BTC Dear family, today's Bitcoin market is really exciting. In just five minutes, it fell directly from a high of 121,143 to 117,691, and now the price is fluctuating around 118,900. Many friends may have been caught in this sudden drop. Don't panic, Yunlu is here to share some ideas on how to get out of this situation. I hope it can help everyone smoothly get through this turbulent market.

1. Judging the trend is key.

First, we need to calm down and assess the overall trend of Bitcoin. Although there has been a significant drop in the short term, from a longer-term perspective, if Bitcoin is still in an upward trend, then this decline is likely just a pullback in the upward journey. For example, since the beginning of this year, Bitcoin has shown a fluctuating upward trend, with similar rapid declines occurring during this period, but they were followed by even stronger increases. Therefore, if the overall trend hasn't changed, for those who are lightly positioned and have been caught, it might be wise to hold patiently and wait for the price to rebound.

2. Respond flexibly according to position.

1. Lightly caught: If your position is relatively light and you have been caught in this drop, there is still a lot of room for maneuver. You can take advantage of price rebounds. For instance, when Bitcoin rebounds to a certain height, close to the short-term resistance level on the hourly chart, consider reducing your position to lock in some losses. When the price drops again, you can buy back the reduced position. By repeatedly selling high and buying low, you can continuously lower your holding cost, thus achieving a way out.

2. Heavily caught: If you are heavily positioned and caught, the situation is a bit trickier. If your account balance is still relatively sufficient, you might consider adding to your position when the price drops to a key support level to lower your average cost. However, be careful not to invest too much at once to avoid further risks if the price continues to drop. For example, there is strong support around 115,000 for Bitcoin. If the price falls to this level, you can use a portion of your funds to add to your position. If your account funds are running low and you are close to liquidation, you might need to take the pain of cutting some positions to ensure you can survive in the market, and wait for clearer market conditions before re-strategizing.

3. Skillfully use technical indicators for assistance.

We can also use some technical indicators to help determine the timing for getting out. For example, looking at the MACD indicator, if the histogram begins to shorten and the DIF line shows a trend of crossing above the DEA line, this may signal a short-term rebound, and it might be a good time to reduce or add to your position. Similarly, with the KDJ indicator, when the KDJ indicator forms a golden cross in the oversold area, it also suggests that the price may rebound. These are all references for our exit operations.

4. Pay attention to market news.

The cryptocurrency market is greatly influenced by news. Recently, it's important to closely monitor the policy dynamics of various countries regarding cryptocurrencies, as well as the changes in Bitcoin holdings by some large institutions. For example, if a large financial institution announces an increase in Bitcoin holdings, it could have a positive impact on the market, driving Bitcoin prices up, which would be very beneficial for us. Conversely, if negative news arises, we may need to operate more cautiously.

In summary, when caught in Bitcoin, everyone must remain calm and avoid blind operations. Based on your actual situation, combined with these exit strategies, formulate a strategy that suits you. I hope everyone can get out soon and reap a lot in the crypto circle! #比特币减半完成 $BTC