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The recent wave of adjustments in the crypto market has come quite quickly. Looking at the timeline, friends who are not holding positions don't need to rush to buy the dip; it's better to wait until February to make plans.
Ethereum has already dipped to the $2900 level. Spot traders can follow the previous rhythm, gradually deploying positions, with each trade controlling about 20% of the total, and the entry cost within a $100 dip range.
For futures trading, caution is necessary. It's more prudent to stay on the sidelines for now and wait until a clear bottom signal emerges on smaller timeframes. A definitive direction is expected around the 2nd. As for long positions that are trapped, if stop-loss hasn't been triggered yet, it's better to set the liquidation level below $1500 for Ethereum. The funds freed up can be used to increase the principal and wait for the next opportunity.