I’ve seen this twice before... If you’re really thinking of selling, wait for a couple of days when it’s bouncing back. It could bounce back to 36k - 38k and give you a chance to sell at a better price. If it doesn’t... We’re f*cked anyway. Lawl.
Panic selling is common in the market, because it is better to sell it than to be stuck at high prices, traders usually buy back,
this is my conclusion because from the strategy I did like that, if the support drops and the bearish sentiment is stronger then selling is an option , and buy back when the price is low your coins will increase from this strategy, think about the risks before trading, then you will be safe.
Panic selling is a emotional, spontaneous reaction after an asset’s price surges down. It surges down because of other panic sellers, and cause their own failure to HODL. My anti-panic selling tip, send all your Bitcoins to cold storage. It will take more steps, giving you more time to think, than simply pushing “sell”.