#比特币对比代币化黄金 📉 Last night’s price action was a textbook example of a meat grinder market.

Let’s look at what happened: The price broke through the $90,000 support, and long stop-losses and high-leverage positions blew up one after another like dominoes. Immediately after, the price crashed rapidly to $84,000 and then shot straight back up. Those who just chased shorts or tried to cash in their short profits were instantly caught in a reversal.

There’s a simple name for this kind of move—it punishes both sides. Go long? The market dumps first. Go short? It pumps right after and buries you. The higher your leverage, the faster you get wiped out.

🛡️ Surviving is more important than making money. Three survival rules:

**Don’t fight the trend**
Trying to catch the bottom in a sharp downtrend? That’s called catching a falling knife, not bottom fishing. The smartest move is to do nothing: close your trading app and go for a walk.

**Check your leverage**
Go look at your positions right now. If your leverage is above 5x, either reduce your position or switch to spot. As long as your account survives, you have a chance to come back.

**Wait for confirmation before acting**
Rushing to recover losses is the prelude to liquidation. Real bottoms take time to form—at least wait for clear signs of a reversal on the daily chart.

There’s an old saying in the market: A bull market is born in despair, grows in skepticism, matures in excitement, and ends in mania. When liquidation news is everywhere, the turning point may be just around the corner—provided you’re still at the table.

$BTC $ETH