Bitcoin is giving shocks to many all of sudden the dump no one could have expected and giving no time at all to execute even stop loss too well that's the game of crypto the manipulation was so high that on Bitmex it touched $8600 in a flash.
But only near $9200 on other exchanges well no on can complain that is for sure if you are in this field then its likely to happen no one to blame that's the game
While Bitcoin broke the major resistance but failed again and dropped to low of $9500 back so much confusion in this zone even pro traders can't predict it right well that's gonna happen as whales are not in a mood to give up all the profits that soon.
What is your strategy to deal with this situation
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My strategy is to sell the spikes so I don't get caught in the dip since spikes almost always precede dips. Buy dips and sell spikes, if you use leverage u must make sure u do not depend on stops and only use them as guidelines.
My strategy is to hold for the long term and not get emotionally affected by these spikes and dumps