ETH/USDT and BTC BNB dropped a lot last night. What should we do next?

Data tracking:

Establish a mechanism to track ETH prices daily, and record its opening price, closing price, highest price, lowest price, and trading volume.

Use technical analysis tools (such as charts, indicators, etc.) to assist in judging price trends.

Trend judgment:

Combine historical data to observe whether ETH prices have formed a clear downward or upward trend.

Pay attention to analyzing ETH's volatility and its correlation with other cryptocurrencies or traditional markets.

Entry and exit strategies:

If ETH prices are stable and begin to show an upward trend, and market sentiment is positive, you can consider entering the market when the price pulls back to an important support level.

Set a reasonable stop loss point. If the price falls to the stop loss level, exit in time to avoid further losses.

When the ETH price reaches or approaches the expected target, you can consider exiting partially or completely.

Fund management:

Do not invest all funds at once. It is recommended to adopt a strategy of building or increasing positions in batches.

Allocate funds reasonably to ensure that even if some investments fail, it will not have a significant impact on the entire investment portfolio.

Continuous learning and adjustment:

The cryptocurrency market changes rapidly, and continuous learning and updating of knowledge are required.

Regularly evaluate the effectiveness of investment strategies and adjust them according to market changes.

Risk control:

Recognize the high risk of cryptocurrency investment and do not invest too much money in it.

Stay calm and rational, and avoid making impulsive decisions due to market sentiment.

Use professional resources:

You can refer to the analysis reports and investment advice of professional cryptocurrency trading platforms or institutions.

Join relevant investor communities or forums to exchange experiences and insights with peers.

In short, when investing in ETH, we need to pay close attention to market dynamics and data changes, formulate reasonable investment strategies and risk control measures, and continue to learn and adjust to adapt to market changes.