Review and Analysis: Yesterday, I opened a short position on Bitcoin at 64,450, with a stop loss at 65,000. The market ultimately moved as expected, and I held until 63,600, taking half profit at 63,940. Before sleeping, I updated the levels to 63,670 - 64,870, predicting likely volatility and placing a pending order above 65,000, removing the stop loss.

Everything was under control initially, but in the end, I got slapped in the face—after closing the position, I lost 1,000 points. Fortunately, I had already taken half profit, so the overall loss was not significant.

Reasons for failure: The market changes at any moment, and every order should have a defense. My actions and words were inconsistent; since I saw the first support at 63,670, the take profit for the short should have been above the resistance level. I placed a pending order at 63,500, which was too conservative.

Areas for improvement: 1. Short-term intraday trading, try not to hold positions overnight. If holding, always set take profit and stop loss to avoid extreme market conditions.
2. Ensure consistency between analysis and actions. The market should move according to the levels I analyze. Enter positions as close as possible to my expected levels; if I miss them, so be it.
3. If a trade is wrong, don’t fight it—move on to the next one.
4. Don’t rush into trades; seeing opportunities everywhere can actually be traps. Watch more, trade less.