For the last few weeks, risky assets were spooked by the worries of inflation. With recommendations of interest rate hikes being one of the popular ones, traders must remain firm with their beliefs and discipline. After all, it's due to the same beliefs and discipline that traders remain profitable in their trades.
Identify the structure, mark your supply and demand zones, plan your trades. Make use of the "Position" tool to calculate your risk:reward. Engage only when the risk is within your means, per your own analysis.
Price spikes such as this BINANCE:BTCUSDTPERP induce FOMOs. And in fear, people tend to lose money.
Sadly, oftentimes more than they could bear to lose.