After that high-level rapid surge, many people’s first reaction was to keep chasing longs, but at the time I started paying attention to why the price surged and yet couldn’t hold. The market around 76,861.4 repeatedly tested the level; although it still looked strong on the surface, when it pulled back the speed clearly accelerated, and the support wasn’t as solid as I’d imagined. That made me shift my focus to the short side.

After opening the position, I didn’t immediately take profit. The price first went sideways, then suddenly poked upward with a wick. My mindset was a bit uneasy for a time. Honestly, this is the easiest place to get carried away—once the floating P&L turns against you, you want to cut and start over. But I reviewed the earlier moves and found that the prior spike was more like the final bull trap, and I didn’t rush to change my judgment.

After that, heavy selling pressure concentrated at the high point, and the price returned to 64,874.6. This short position ultimately ended with a +2,712.16% result. What made me feel comfortable wasn’t the number itself, but the process of the market moving from doubt to confirmation—the details I kept observing earlier all turned into feedback within the downturn.

After this drop, I became even more convinced by the short thesis, but I’m not blindly bearish. The market doesn’t go one direction forever. What matters is seeing when strength starts to lose its follow-through—don’t let emotions drive you to add positions—wait until the timing truly shows up, and then trade based on what you can actually understand.

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