Brothers, happy weekend! No one expected that in the first week of February, the crypto market would experience a sudden "black opening," with a sharp crash—Ethereum$ETH and Bitcoin$BTC leading the plunge, dropping nearly 25,000 points. The intraday volatility even soared to 6,000 points. Many brothers in the market are either liquidated with losses or trapped at high positions, unable to escape, crying out in despair, with market panic at its peak.

Since Monday, I have been firmly bearish and sticking to a short position strategy, never wavering throughout! However, the subsequent days saw intense market fluctuations, like riding a roller coaster. I decisively reduced my trading frequency and mostly observed. During this period, many brothers saw the fierce decline and wanted to buy the dip, but I kept reminding everyone: don’t act impulsively out of panic! Even if you’re not willing to short, it’s advisable to hold tight and watch more, act less. I often say, don’t force against the trend; you can’t win against it!

Currently, market panic has temporarily eased, but volatility will continue. Here’s a reminder for brothers caught in positions: don’t hesitate if deeply trapped—cut losses promptly to avoid bigger losses; for those lightly trapped, find the right moment to exit decisively; if you keep getting caught repeatedly, it’s time to adjust your trading strategy. Be patient and wait for real opportunities!