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Recently received many private messages from fans saying that they got caught in long positions at high levels, suffering losses that are getting bigger the longer they hold, feeling especially anxious, I completely understand this kind of torment!
As early as the evening of the 20th, I publicly shared the long-term short logic for Bitcoin and Ethereum, pressure layout zones, and phased target plans, clearly indicating that all rebounds are just a continuation of the decline, strictly prohibiting counter-trend bottom fishing, but many people entered the market with a lucky mindset, leading to a blowout!
Now I will give everyone a practical and not hollow method to resolve the situation:
① Mildly trapped: Reduce positions in batches during each rebound, cut losses in time, and prevent losses from continuing to expand;
② Severely trapped: Use rebound highs to set up long-term short positions for hedging, relying on profits from downward waves to gradually offset long position losses;
③ Future trading principles: Abandon bottom fishing mentality, stay in trend and hold short positions throughout, operating against the trend during a decline will only continue to increase losses.
The market hasn't finished moving, there is still long-term downward space below, stay calm, follow the trend, and slowly recover the losses! $BTC $ETH