The recent big dump in the cryptocurrency market has sparked widespread attention, with many investors beginning to compare it to the big dump on February 3rd of this year. However, there are significant differences between the two big dumps. The big dump on February 3rd lasted longer, ending after about four hours; while this recent fall was more intense, concluding in just one or two hours. Furthermore, in the big dump on February 3rd, mainstream currencies such as Bitcoin and Ethereum ultimately closed with gains, whereas this time saw a significant fall.

Currently, market opinions are divided into two factions. The optimists believe that this big dump is to clean up high-leverage trading, and the market will continue to rise afterward. The pessimists view it as a bear market signal. I personally lean towards the latter and believe that Bitcoin and Ethereum should be analyzed separately. Bitcoin may not fall below $100,000, but Ethereum may drop to around $2,000.

In the short term, as long as the overall downtrend is not broken, it is recommended to primarily adopt a short-selling strategy. However, regardless of the future direction of the market, investors should maintain a calm mindset. We are not only competing with the market but also combating our own emotions such as greed, fear, joy, anger, and impulsiveness.

During the weekend, market fluctuations are usually smaller, making it a good time to adjust one's mindset. It is recommended that investors review and share their trading experiences and position management strategies to promote mutual learning and growth.

Finally, I hope that every investor can achieve their investment goals and realize an ideal position allocation before the end of the year. I wish everyone success in this market full of opportunities and challenges, and that you achieve financial freedom.