This $CL drop, the most obvious thing is not the size of the drop—it’s that the attitude of the funds has changed. In every previous push higher, sell pressure would come down and smash it. The chart gave me the feeling that someone was slowly distributing from the high level, a rhythm that retail traders can’t easily withstand.

At the time, I was watching the 70.07 area. The price kept probing it but still couldn’t break through. Many people were still fantasizing about another leg up, but what I cared more about was the weakening of bullish momentum. To put it plainly, a strong market wouldn’t drag on like this—if it keeps stalling, it becomes easier to be knocked down in the reversal.

Holding the short position until now, the price has reached 68.9. Current profit is +152.56%, and the extension of the move is clear. I won’t treat the profit as a given here—about 80% of the profits can be taken off first, and the remaining position will follow the protective level.

Next, I’ll only watch the rhythm, not force it by clinging to emotions. If I miss it, then I miss it. I won’t chase entries, and I won’t chase kills either. I’ll wait for a more comfortable position to move again.

$BTC $ETH