The market action in the opening part was pretty exhausting. The price looked strong at one point, and many people probably expected it to keep rallying. I didn’t chase the order at the time; instead, I watched the repeated spikes and pullbacks around 0.05769, and found that every time it went up, it didn’t leave any real follow-through.

Later, the order book suddenly started to look off: the pump got shorter and shorter, but the dump got faster and faster. That moment confirmed to me that this wasn’t just a wash; the shorts had already started to take the initiative. The price moved from 0.05769 down to 0.05702, and the sell-off pace clearly accelerated.

In the end, I booked this trade at +82.4%. The hardest part wasn’t the call—it was whether I could hold up against the grinding action in front. If I’d been scared off by those few fake breakouts, I might have already been shaken out, and I wouldn’t have been able to catch the later gains.

This time also made me even more certain: a strong-looking surface doesn’t necessarily mean there’s real demand behind it. When nobody at the highs is willing to keep raising the bar, shorts often only need one opening, and the market will show fatigue on its own.

$BTC $ETH