Yes I personally will not panic with this red situation because it is too common condition so far. Bitcoin price will not be going up so that the price will go down again and again. See what make the market always bearish every time we are prediction it will be bullish?
I think we always see red and green market of crypto currency, why we must panic.
It's the nature of crypto currency.
Sometimes we will see green market like now
But suddenly will be red.
Keep calm when red, better to buy more.
I think buy and hold when red is good way to do.