Who would have thought last night’s brief rebound was just a “bull trap”? A lot of people nearly got caught. After a short-lived rally overnight, U.S. tech stocks plunged, sending risk aversion soaring. Funds pulled out of all risk assets, dragging the crypto market down with them. A large number of leveraged long positions were liquidated across the market, catching more than 200,000 people off guard. The market is extremely volatile right now, and both bulls and bears can get hit. Whether you’re going long or short, it’s easy to get caught out if you’re not careful. Macroeconomic uncertainty has yet to be resolved, and external news could disrupt the market at any moment. As for your strategy, don’t try to call the bottom—it won’t form in a single day. Wait patiently for signals from the market. Keep leverage as low as possible; when conditions are unstable, protecting your capital comes first. $ETH