This $BTC move is a classic case of first luring longs, then driving the price down. It was grinding back and forth at the highs beforehand, and many people thought it wouldn’t fall anymore—then once it broke down, it started accelerating. My short position went from 76861.4 to 63895.7, and the profit is already +2931.83%. The volatility room has opened up.

At the time, what I was watching was the speed of the pullback after the fake breakout above—there was nobody to buy when they lifted it, but when they smashed it down, it went smoothly. This kind of market action is the most likely to make chasing longs feel awful. Things here already look off. As long as price can’t hold the key levels from before, the bears will have conditions to keep releasing.

Now that this profit segment is out, don’t treat your gains as chips to recklessly carry. For those with bigger positions, you can take partial profits with an 80/20 split first; then bring the protective level up for the remaining position. If it keeps moving, stay in it—if it can’t go further, accept it.

If you missed it, don’t rush to add more shorts, and don’t see the drop and charge in. Don’t chase trades—wait until the next time at a more comfortable level to act.

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