When the BTC falls down there are few steps which can be taken under the certain market conditions. It totally depends on the market trend, volatility, and momentum.If I was to trade then I would first like to know the trend in action for the current market scenario and then I will plan my risk and reward for the trade and then wait for the market to recover from the fall down and then i will wait for the right setup to form to take my trade setup and then i will manage those trade.