This recent drop was really not surprising at all.

$BNB short entry from 601.85, now at 588.3, profit has reached +160.33%, this wave of release during trading hours is very comfortable.
At that time, the most obvious point was the failure to break higher.
On the surface, some people were still shouting to keep pushing up, but the order book was no longer following. The rebound became weaker and weaker, and the weaker it got, the easier it was for shorts to smash through.
Many people lose money right here.
They don't believe it when the price hasn't really dropped yet, but when it does, they want to chase, completely opposite timing.
I first take profit on 80% of the position, locking in gains, and keep the remaining 20% hanging to see if there is any momentum.
The stop-loss level is moved down accordingly, to prevent the already realized profits from being eaten back by volatility.
This wave is a fulfillment of judgment, not driven by emotion.
If there is no new weak structure later, I would rather wait than blindly chase at low levels.
$BTC $ETH