I just saw the price of $BTC, and I was stunned for several seconds.

Earlier, I saw $BTC dropping, so I blindly placed a 3x long order, entry at 70,882, now the price is 64,290, with an unrealized loss of nearly 28 points, and the principal has shrunk by almost 50%. I originally wanted to catch a rebound from the pullback, but I ended up just anchoring myself at the top.

Honestly, my thoughts at the time were simple: I thought this position was about right, it had fallen so much, it should rebound. But the market doesn’t play by your rules; if it’s going down, it keeps going down; if it’s going to spike, it spikes.

When your eyelids start to droop from fatigue, it’s the easiest time to get emotional, and a single order can dig a hole for yourself.

The biggest takeaway from this wave is: don’t trade at night, when you’re sleepy, your mind is dull. Staring at the candlestick chart for two hours thinking it’s the bottom, but it’s just a continuation of the decline.

And 3x leverage looks safe, but when it drops, it still makes you uncomfortable. Position management is much more important than predicting the direction.

When will this market stabilize? It depends on whether $BTC can hold around 64,000; if it can’t, there’s still room below.

But at times like this, it’s better to stay calm. Opportunities created by a drop are more than those from a rise; the key is not to hand over your chips when your emotions are at their worst.

Are you holding on or cutting your positions this wave?

Speaking of chips, $ETH has been interesting lately.

Recently, a new wallet was created, withdrawing 8,450 ETH and 108k HYPE from FalconX, marking the latest institutional accumulation this week. Previously, Bitmine and Arthur Hayes also increased their holdings.

Institutions buy during dips, contrasting with retail panic selling at the top. This mismatch in capital flow often determines the next trend in the market.
#我的Gate交易时刻 #STRC跌破面值11%创上市新低 #美伊谈判推迟