In the early session today, I laid out a targeted short position on BTC and ETH at high prices. Right now, the slight unrealized loss in the short term is just normal washout and consolidation before the market rally. This time around, the bearish setup remains firmly confident that it can still smoothly take profit.

Judging from the order-book structure, the upward momentum in this round has already entered a late-stage phase of exhaustion. The spike higher is a typical bull trap. In the short term, the modest rebound is only giving shorts better-quality room to exit and pull back. I placed my short orders at the critical pressure threshold; I don’t care about brief intraday counter-moves. Trading shouldn’t let your emotions be swayed by a few minutes of price up/down.
The short-term surge is just luring and building up energy. It’s inevitable that the market will return to a downward track afterward. Just be patient, hold the position, and wait for the pullback to realize profits. Endure the short-term slight floating gains/losses and steadily capture the profit from this down-leg. $BTC ‌$ETH ‌