What to do when caught in this market environment?

1. Gradually reduce positions and cut losses decisively
For light positions, wait for a rebound to near cost and sell in batches to realize profits timely; for heavy positions, prioritize reducing 10%-15%, start with niche coins to lower leverage risk and maintain control.

2. Buy low and sell high, swing trading
During volatile markets, profit from the difference between support and resistance levels, gradually averaging down costs; mainstream coins can be hedged with lock-up strategies, and once the trend clarifies, handle loss orders accordingly.

3. Rebalance and adjust positions flexibly
For short-term losses, consider swapping weak coins for mainstream assets like BTC, ETH, to benefit from market consensus recovery; for medium to long-term losses, reassess the logic. If the project or regulations encounter issues, cut losses decisively and preserve capital.

4. Strict discipline to protect principal
Avoid blind additional purchases, set stop-loss levels (mainstream coins -15%, niche coins -10%); keep 20%-30% of funds as reserve, stay away from high-leverage contracts, and safeguard your principal for a potential turnaround.