These past few days, the crypto world has been quite alarming—gold and silver prices are hitting new highs, but BTC has instead fallen below 93,000, with over 600 million in liquidation in 24 hours, and smaller coins are in chaos. It sounds scary, but you should have a clear mind: this is either the arrival of a bear market or a temporary withdrawal of risk-averse capital; global risk appetite is just cooling off for now.

**When will the short-term market stabilize?** Watch whether BTC can hold the 90,000 level. The Federal Reserve hasn't taken action yet, liquidity hasn't tightened, and from a technical perspective, there is no systemic risk—it's mostly emotional volatility. As long as the US and Europe don't escalate conflicts further, the crypto market will gradually recover.

**What are retail investors doing now?** To preserve capital, you need to act quickly:

First, adjust your positions, convert more than half of your idle funds into stablecoins to keep ammunition for buying the dip. Only hold mainstream coins—Bitcoin and Ethereum—in your portfolio; get rid of small and meme coins immediately, as the risks are too high now.

Avoid futures trading, don't leverage, and spot trading isn't the time to buy the dip either. Keep an eye on the 90,000 level; if there are no signs of stabilization, continue to observe—hurrying won't help.

For friends who are already trapped, cut losses if they exceed 15%; don't expect a rebound to save you. Take profits in stages and avoid waiting to recover losses. Do not risk more than 5% of your principal on a single trade—that's the bottom line.

For those who want to gradually build positions, don't go all-in at once. Choose BTC or Ethereum, and buy a little each week or month to average your cost, waiting for this geopolitical risk wave to subside.

**What's the most important thing?** Don't listen to those shouting randomly in groups, and don't rely on predictions from certain influencers. The key now is to watch gold and US stocks; the short-term trend of the crypto market will follow these two. If your capital isn't large, keep your holdings concentrated in no more than three main coins with solid fundamentals—diversification might be less effective than focused defense.

Ultimately, the crypto market is always a macro follower. This recent dip is just psychological shock, not a major turning point. Manage your hands, protect your funds, and wait for the market to clarify before taking action—by then, opportunities will be much greater than they are now.