This trade didn’t start easily. The price hovered around 29,885.23 for a while; the shorts didn’t smash it down right away. Instead, there were constant small bounces. To be honest, I also had doubts back then—worried I was just being lured into the position by a high-level illusion, and could be swept out at any moment by a single wick.

What changed my mind was the subsequent push up and drop back. The rebounds started to look more and more like distribution for the shorts. The chart looked lively, but the bids clearly couldn’t keep up. The price slid from 29,885.23 to 28,188.3. As the decline accelerated, the final paper result came to +527.83%. Waiting wasn’t in vain.

The hardest moment in the middle was seeing other people start chasing the order, while I could only keep watching. In the crypto market, many opportunities aren’t that you don’t see them—you see them but don’t dare to act. Once you’re truly on board, you can also easily get spooked by a few quick counter-rebounds and get off early.

My approval of this short move doesn’t come from the result of the drop, but from the repeated failures of the rally beforehand. When the market is under pressure at the highs, patience matters more than impulsiveness. Only by holding your own rhythm can you avoid being led around by the market.

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