BTC fell back after reaching a high of 105800 points and is currently in a local oscillation phase. At this time, it is important to manage your position well. 1. Risk management Remember not to operate at full capacity and reserve a certain amount of funds to cope with sudden fluctuations The take profit that should be taken, the stop loss that should be stopped, and the safety of the bag 2. Don't be influenced by market sentiment Avoid FOMO (fear of missing out): Do not follow the trend of short-term fluctuations and be wary of the trap of "false breakthroughs". Calmly respond to news: Policy changes (such as regulatory developments), institutional movements, and other news may exacerbate volatility, and it is necessary to verify the source of information to avoid overreaction. How to avoid 'black swan' When market liquidity is insufficient, prices may fluctuate dramatically in an instant. Avoid using market orders and switch to limit orders. The deviation between futures and spot prices (such as a high positive premium) may indicate market sentiment overheating or panic.