This drop looks a lot like a typical sweep of the market—first shake people in, then push the direction out.

$BILL was being pulled back and forth near the highs. Many people saw the rebound and thought it could keep surging, but what I was watching at the time was the speed of the pullback after BILL faced pressure above. The price started weakening around 0.07960; the bounces became shorter and shorter, which suggests the support up top wasn’t there. Meanwhile, the shorts kept pressing and got more and more comfortable.

The real change came after the breakdown. Once the panic selling showed up, the pace sped up. The price is now at 0.04018, and the unrealized P&L shows +978.55%. This stretch opens up volatility space very directly. To put it bluntly, this kind of market is most afraid of hesitation—when the signal comes out, you don’t dare to act; if it drops, you want to chase again.

On my side, my short position has already entered a profit-protection phase. If you have a position, you can manage it with an 80/20 approach: realize part of it first, and keep the rest with the protection level, so you don’t hand your profits back.

If you missed it, don’t worry—after the sweep there will still be a rebound and another choice. Don’t chase the low; wait for the next position with stronger confirmation.

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