Just now, that quick drop was so sudden that many people only reacted afterward. The run-up before $TAO earlier actually looked more like a bull trap to lure in longs—it wasn’t truly strong.

My short position started from 270.4. Back then, the most critical thing was that the key level overhead was repeatedly tested and failed. The price was still kind of “wiggling,” but the active buy-side demand had clearly started to lag. Now the current price is 201.3, and the profit shows +1230.66%. With the volatility range opened up, holding it here means you don’t need to be stubborn.

The easiest mistake to make during the session is to see a small bounce back and think the drop can’t go any further. But here, every bounce back hasn’t changed the weak structure—instead, it has given shorts more chances to press the price. Many people get shaken out by short-term back-and-forth, while the real continuation comes later.

For anyone who already has profit, don’t get greedy and lose the rhythm. Handle it in batches with an 80/20 split, and use the remaining position to hold at the protective level. If you missed it, don’t chase lower—wait for the next confirmation at that level, and then act when it feels right.

$BTC $ETH