The top part ground on for quite a while; the price kept being pumped and then dumped. On the surface it looked like it was building up strength, but in reality there were fewer and fewer takers coming in at the high end. I chose to watch for a short opportunity around 0.08432—not because I’m afraid of rising, but because I found that every time it spikes higher, someone is dumping it, and the rebound strength is weaker each time.

After I placed the order, the market didn’t cooperate right away. A few quick wicks kept sweeping back and forth, and anyone with a slightly worse mindset could easily be shaken out. The most uncomfortable part was watching the price move sideways repeatedly; your hand can’t help wanting to get off. But I kept waiting for the real support to loosen—until, around 0.08311, there were consecutive pushes down, and only then did the rhythm become completely clear.

The outcome feedback for this last trade was +105.18%. The profit was the result; what really satisfied me was that I didn’t chase in during a false breakout, and I didn’t panic just because of a brief rebound. In many cases, shorts aren’t that they lack power—it’s that they need time to wear down longs’ patience.

After this leg of the drop, my judgment about how heavy the pressure is at the highs has become even more convincing. It’s not because I turned bearish only after it fell; it’s because the problems that existed earlier kept persisting, and the market was just using price to slowly write out the answer.

$BTC $ETH