August 5, 2024, this is a day worth commemorating, the long-predicted Black Swan Event unexpectedly occurred. It finally arrived, after waiting for half a year! The daily fall of ETH has reached 22%, and the daily fall of BTC has also reached 10%. It was widely believed that it would take some time for it to reach 53,000, but unexpectedly, it fell today.

There is no bottom now. It's hard to say when it's in the 100's. I personally think that at this stage, it's just a small climax of falling, and it hasn't really hit bottom yet. When it really hits bottom, there will be a time of staying. So at this stage, you can Auto-Invest, but don't go All in! Influenced by the recession in the United States and Japan, even a 100 basis point rate cut in September may not pump it back. Now everyone is waiting for the US to rescue the market, and global stocks are experiencing a big dump.
Recently, there has been frequent warfare, and Iran is preparing for war again.
Currently, the total Market Cap of Cryptocurrency has fallen below 2 trillion, and altcoins have fallen even further. They are being blasted all over the web, and the market is now in a state of pessimism.
As a fren doing Contract Trading, you can take a small Position, use low leverage, lying in ambush a little bit, so just enter a little bit, then double down on big dump to lower the price, there will always be a pullback, but Position management is very important, if you can't control it well, don't enter the futures market, buying some Spot is also good.
Extreme market conditions, can't be dealt with using conventional operations.
​You can try catch the bottom, no more Short
​