If you’ve entered a short position, set your stop loss at 3069 or the previous high of 3085. Either it goes down directly, or there will be some consolidation or another move up. If you added to your position on the way down, consider reducing your position near your cost price and let the rest run with a stop loss at 3069 or 3085. This market isn’t very interesting right now.

By the way, let’s also talk about mindset. Bro Dog also took a big loss on a trade yesterday. To be honest, it’s impossible for your mindset to be completely unaffected. A small loss doesn’t really bother me, but taking several consecutive losses or a big loss definitely has an impact.

So what can you do? Reduce your position size, reduce your position size, and during extreme market conditions, trade fewer coins. When the market crashes, everything tends to go down together.

Right now, Bro Dog is thinking we should focus on Ethereum. Sometimes Bitcoin moves unpredictably, and so do other coins when they get volatile.

The key is to survive first, then slowly accumulate profits. Last month, I took a hit at the beginning of the month, and now it’s the same this month—kind of rough. But since this is the situation, what else can you do? Just keep a steady mindset and slowly recover; otherwise, you’re just giving your money away.