#数字货币市场回调 $BTC Cutting positions is for survival; stubbornly holding on may result in total loss. Timely stop loss is not shameful; keeping the green mountains means there is a chance for a comeback. Here’s a painful truth – during every market turning point, your first reaction is most likely wrong, especially in extreme moments when the market is either crazy or crashing. The most critical saying in the crypto world is, "This time is definitely different." Making money relies on cognitive level, while losing money is all due to emotions getting carried away.

The first trading day of the new year gave us a harsh lesson, no one expected the market to crash this hard. On Monday, Bitcoin plummeted directly from above 90000, hitting a low of 83786 before catching its breath. Ethereum followed its big brother all the way down, hitting a low of 2718. Fortunately, we timely switched to short in the afternoon, which helped to stop some losses.

Looking at the current market, after a series of small positive rebounds on the daily chart, it came to an abrupt stop, followed by the initiation of a continuous bearish pattern. Today, it also closed with a long upper shadow bearish candle, indicating clear continuation. The daily line has already broken below the middle track, and the overall direction still favors the bears. Now looking at the 4-hour level, the bullish and bearish candles are very entangled; every time there's a rise, there's a pullback, and every decline is followed by a rebound. The back-and-forth tug-of-war between bulls and bears is evident, and although the volatility isn't exaggerated, the bearish strength is noticeably stronger. Therefore, the morning strategy should mainly focus on shorting.

Bitcoin trading reference: place short orders around 87500, target 84500.
Ethereum operation reference: enter a short position around 2850, target at 2700