In this kind of trend, there is a probability of a small range of fluctuations in the market, but ultimately it will still crash.
For us retail investors, how to enter the contract? First, definitely abandon the idea of going long at the bottom; the first major market trend is bearish, and it has been falling for the past two days, so it's best to avoid trades against the trend.
Secondly, this kind of volatility is actually the market trying to test people's psychology. Many people are accustomed to making quick profits by trading back and forth. The market is fluctuating at a high position and is under pressure; the space itself is not large, and the profits are thin. Even if there are 2-3 opportunities for low buys against the trend, after deducting fees and slippage, there isn’t much profit. When you get used to this kind of small range fluctuation, as soon as it starts to crash, your long positions will get trapped.
Instead of working hard for nothing, it is more important to choose to short at high positions in line with the trend. Of course, when you reach the low point of the fluctuation, you can choose to partially sell off your holdings and keep half to observe, with a stop-loss to protect your capital. You can also sell everything to capture some profit, or even use a stop-loss to take profit while anticipating a downturn.
Therefore, while technical analysis can be taught, the operational system needs to be formed based on your own capital and your satisfaction with the returns.
The above is my personal suggestion, and I hope it is useful to you; please refer to it with caution.