There is this old saying:

"of all the paths you take in life,make sure some of them dirt"

This recent selloff could be tight to potential fraud or a rumor of fraud in Korea along with other things. However, in this kind of market only the patient once survive. Forget about selloff, about fraud. Just think about what internet went through before and during dot com bubble. Also short therm trading is almost impossible in this environment. You would have to be emotionless robot to break even. Long therm is the answer to success when it comes to investment. Because once it starts shooting up, it will be so quick and unexpected that it will be impossible to get on this speed train if you try to day-trade. This moment will happen once the institutions realize the crypto especially bitcoin is here to stay. It will be flood of crypto ETF’s on stock market. I saw it already a few times and always missed it, because I wasn’t in already, I wasn’t patient enough. I learned my lesson and now I buy whenever the dip comes and hold. However, I only buy whatever I can afford to lose. It keeps me sleep at night. That’s really important. Right now I’m not buying anything for the time being, I’m pretty much set. You are right we are at the support level and unless we break $10 000 level we are stuck for the time being.