I just ignore stuff when it goes downhill, especially if you can find a reason for it.

If it's dramatic, find something to watch for a few hours or enter trades you can forget about - I normally forget about a lot of mine anyway if stop losses are set or it seems quite we well run project (although that's normally shares I trade long term so they have a lower chance of dropping far)...

I do the same with Bitcoin as I do with the stock market, I invest for the long term. Once I am convinced that what I am buying is top quality, I know that there will be short-term fluctuations, but in the long term the price will tend to go up. I try to be emotionally neutral, although sometimes it is difficult. We all like to see the value of our investments go up.

I think it would be helpful to establish your plan first. Be firm on what you are looking to do. Are you looking to profit from the short-term fluctuations? If yes, what is your strategy? Has it been proven? How are you going to handle trades that go against you? Do you exit the trade or you add more to it (which is a very dangerous thing to do generally speaking)?

On the other hand if you're investing for the long-term you may not want to look on shorter timeframes as that will mess with your mental game.

In summary, what I'm saying is that confusion about your approach to the market aka your strategy might be causing you emotional stress.

Like @mk4 I have lost Bitcoin in various trades over the years, I learned some lessons:

- I didnt have the time to dedicate to it properly
- I didnt have the knowledge to trade sucessfully

so I stopped trading, now I dont care what the short term market movements do, I have
for the most part zoomed out and looked to the long term.

If you are confident that you can trade you gave to brush the losses aside and try again
but bear in mind the saying:

If at first you dont succeed, try and try again

alot of peoples TA. is not TECHNICAL ANALYSIS
but instead TREND ANAL.

true technical analysis is not about price patterns by looking at the past.
its instead working out what value and supports are in the present.

the trend anals. are not predicting a future.. they are instead trying to become mega influencers to create sheep followers to create a repeating trend. .. this is a form of pump and dump initiative..
its not predicting a future. its an attempt to create the future by trying to get others to follow your trend..

yep if a majority of anals are all folowing the same trend. they create the prophecy and fulfil their prophecy.
if it doesnt work. well it just means they are not much of an influencer or they followed the wrong influencer.

well heres a secret.
most influencers get it wrong. and if one got it right thats just luck of numbers.
if 2 people are influencers X say price down Y says price up.. one of them is going to be right

so the sooner you learn your not gaming the system by doing this silly stuff the better.
stop being a trend anal and start being a technical analyser

a few steps you can take
work out the mining costs of the main trading regions of bitcoin
china/iceland
uk/us
rest of europe
japan/germany

realise there is a philosophy of 'should i mine or buy to acquire bitcoin'
different regions have different cost/value relationships.

use the mining costs to show which regions break even cost/value is to work out the values where people prefer to mine(to sell) vs buy(to hoard)

then look at the UTXO cost of acquisition. and see how many coins sit at which prices when the utxo was created. then you can build up a nice set of value lines where people think value sits at in comparison to the live price.

then you can work out if a price is near these values. or highly speculated above it..

EG januarys $60k was highly speculative and 2-3x above all good value lines. so it was never going to last. it was always going to correct.

knowing this stuff can actually help you realise if a price is good value or over speculated bubble.

When your invested in a technology or movement that isn't the norm, i.e anything that is trying to replace a existing system or at the very least co-exist. You're going to find that it'll be attacked left, right, and center by various media, and organisations that are against it from becoming a thing. Bitcoin is receiving that exact treatment, it doesn't matter if Bitcoin is currently going through a bear or bullish phase, the response will likely be the same. While Bitcoin is doing well in terms of the current price converted into fiat currencies, the media will call it a bubble, and when it is down, and looking pretty gloomy for a would be investor; the media will say the bubble has burst. We go through this cycle every time there's a dramatic difference in the recent price, and we will continue to do so for the foreseeable future.

These organisations which will show the most resistance will be governments, banks, and anything which find its importance taken away by the decentralised approach of Bitcoin. Their attacks will vary, but sooner or later they either need to embrace it, or outright fight it.

The more you are ken to the trades and markets you start to ignore what happens with the market and the urges to take decisions based on what is going, so if you are seeing the prices goes down you just look for a reason why it did so but no a reason to sell, the crypto market is a roller costar of emotions and you need to learn how to control them in order to make reasonable decisions that would not lead you to regret.

I just call it a day and forget about it for a few weeks or so. Having been into this market for quite some time now, I learned that it will always better itself after tripping over a seemingly endless pit. Losses are normal, and you have to accept defeat sometimes. But in the case of crypto, not moving something is sometimes the best move you can do in order to get back up to your feet.

In short, when in doubt, hodl.

And this is where holding strong coins comes in. Holding top alts is better than low market cap coins.
Researching, studying will only be fruitful if you will continue to keep up with the progress of the coins you are invested with.
Because we have no idea about their future, but we can get some insights to where they are going if we are keeping tab with their development progress.
If you see that the dev team is slowly losing their grip, better discard and sell the coin before you regret it.