This one is a typical pattern: lure longs at the high range, then dump. $BTC initially looked pretty strong, but in reality it just kept getting more and more wrong. A lot of people got tricked and chased in by those few rebound candles. What I was watching was that once the price hit the key level overhead, the pullback speed was clearly faster than the rally.

The short position is at 76861.4. Now the price is at 61899.2—+3384.6% has already been realized, and the room for volatility has opened up very clearly. This level is crucial because it isn’t just a simple bearish candle; after the bulls’ attempt fails, the shorts take control of the pace.

The mid-session shakeout is actually obvious: first it gives people hope, then it squeezes out the ones who chase. Trading is like that—before your direction gets confirmed, you have to endure; after it plays out, you have to stay even more level-headed. The profit has already been released. If your position size is heavy, don’t get greedy—take profit in batches using an 80/20 split. Use the remaining position to guard with a protective level, so a retracement doesn’t swallow up your gains.

Don’t chase shorts now, and don’t catch a falling knife. If you missed this move, wait for the next opportunity.

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