The fall today is not the main point. What really needs to be watched is how the following few things will evolve.

First, let's talk about market sentiment. Although the Fed has announced a halt to tapering, will traders buy it? If everyone feels that this is not dovish enough, then the selling pressure will continue.

Looking at employment again. The current data is still stable, but what if it weakens? That would be the true signal for the Fed to cut interest rates, and that would be the turning point.

The most crucial thing is actually the US dollar. If the DXY rebounds, cryptocurrencies basically have no way out and will definitely suffer—this rule has been proven time and again.

So what's the smartest move right now? Don't do anything. If you rush to cut your positions at this time, the likely result is: just after you sell, the market will immediately reverse in a V-shape, and the main players will laugh while counting your chips. Hold on, don't become the one who gets washed out.