Some people are cutting losses while others are buying the dip. Is this a trap or an opportunity? Do you think a 5% fall means the market is panicking? In fact, a lot of people have added 10x leverage, and a 5% drop leads to getting liquidated, causing the system to automatically dump, followed by a chain reaction of a 10%, 15% fall... This is like a game of dominoes, where those falling first are all betting with borrowed money, and it has nothing to do with the project itself. When the liquidation volume skyrockets, it basically means a short-term emotional kill. Don't be afraid; this kind of fall comes quickly and goes just as fast, with V-shaped rebounds being quite common. But! If the stock market also collapses during the fall, be wary that this might be the macro economy causing trouble.

The Fed is hawkish, geopolitical issues are stirring, and global liquidity is tightening... these are the real big BOSSes. At the beginning of last year, there were bullish news about Bitcoin ETFs everywhere, but due to macroeconomic tightening, it couldn't rise at all. During such times, don’t buy the dip; save your bullets and wait for the wind to come. The core of judging opportunities: see if the "bad news is temporary or a trap for the unwary."

- Is the project party unlocking tokens? Don't worry, it already fell earlier. If it were real dumping, the price would have already collapsed in advance. On the day of unlocking, there might actually be someone buying in.

- Did the NFT founder change? A small disturbance, it might be that the new team is even more powerful, which could be an opportunity. However, if the team runs away, the capital chain breaks, or the compliance channels are shut down, then it's best to avoid those; even the gods can't save you. Here's a simple method for you: during a sharp fall, look less at the K-line and check more on the "fundamentals."
Finally, let me say a blunt truth:
Don't cut losses every time there's a fall, and don't go all in every time there's a fall either. The bloodshed of getting liquidated with leverage is over, and the panic selling is done; what remains is the real market. Treat the crash as an exam, understanding "who is swimming naked" is 100 times more useful than blind trading.
If you currently have a position, ask yourself: Is this project really done for? If you don't have a position, don't rush in; first, note down the reasons for this fall—next time it falls, you'll know whether to buy the dip or to run.