Bitcoin, Ethereum experiencing this sharp decline, many long position traders got trapped.

Prices have been hammered down from highs, with losses accumulating, anxiety and discomfort are mounting, it's truly torturous.

Everyone's most concerned about one thing right now: Will there be a rebound? What should I do if I'm underwater on my position?

Don't act impulsively or make rash moves.
Don't rush to cut losses, and don't arbitrarily average down your cost basis either, the more hurried you are, the easier mistakes become.

This decline is not unexpected - news, capital flow, and technical indicators all point downward together, short-term bearish momentum remains strong.

If you're holding long positions, remember this: Don't stubbornly hold.

Small losses aren't scary, but stubbornly holding to the end is genuinely dangerous.
Preserving capital and controlling risk is much more reliable than gambling on a rebound.
First stabilize your approach, then you'll have a chance to recover your losses.#Gate13周年全球庆典