Early yesterday morning, Bitcoin suddenly plummeted. A follower went long with 20x leverage at 59,600, and within just one hour, his floating loss approached 40%, pushing his position to the brink of liquidation. In a panic, he sent over a dozen messages around 2 a.m., saying that if it dropped further, his account would go to zero, and he couldn’t sleep all night.

He had previously thought he could just hold through the drawdown and wait for a rebound. The lower it went, the more he added, only to see his principal shrink further. He believed stubbornly holding would get his money back, but the market kept declining, his margin kept eroding, and he couldn’t even bring himself to cut losses.

I first told him to immediately stop adding to his position. Based on the current range-bound trend, I drew up a step-by-step unwinding plan for him 🍑: first reduce the position to lower liquidation risk, then wait for a rebound to resistance levels to sell in batches, and finally do short-term T+0 trades on pullbacks to offset losses.

This morning, the market rebounded as expected. After he followed the suggested levels and executed the trades, most of his floating loss was recovered. His account is no longer in danger of liquidation, and he no longer has to stare at the screen in agony.

The market will never give you a chance to break even just because you hope for it. Holding stubbornly at highs will only magnify your losses. Whether it’s a one-sided downtrend, a range-bound trap, or a deep loss with high leverage, I have mature strategies to handle them.

If you’re holding a losing position, can’t identify support and resistance, or don’t know whether to cut or hold, just comment your entry price, leverage, and position size. For a limited time, I’ll offer free one-on-one guidance to create a complete unwinding plan 🍑. #BTC