A 63,000-point dump looks dramatic, but on the weekly scale it’s only a test of the lower edge of a high-range consolidation.

The mid-term trend hasn’t turned bad, but volatility will rise significantly.
For holding long positions: If 60,000–63,000 doesn’t break, hold; if it breaks below 58,000, reduce exposure.
For staying flat and observing: The 60,000–58,000 zone is an area for staged observation—don’t go all-in with a V-shaped move.
If you want to short: Wait for the pullback to 68,000–70,000; only enter on the right side if it can’t break through.