The most uncomfortable part of the market action in the earlier segment is that the direction looked weak, but it still didn’t truly drop. The price hovered around 76,861.4 for a long time. I almost lost patience too, until it moved to 64,250.1, when the decline began to continuously lock in gains, and only then did the +2,853.35% wait pay off and fully reflect this move.

In the middle, there were several small rebounds. On the surface, it looked like it might pull back, but in reality, every time it pushed higher, it failed to form a solid follow-through. Many people probably have felt this way: short positions just after entering get met with a dead-cat bounce; when your fingers get itchy, you want to exit, and then the real liquidation dump often shows up precisely when doubts are at their strongest.

I didn’t change my original judgment just because of a few rebound candles. Mainly, the heavy selling pressure at the highs never disappeared, and the price still couldn’t hold steady. After this later leg played out, all the details I’d been watching finally matched up. The bears weren’t suddenly showing up—they had been accumulating all along.

What made me glad this time was that patience wasn’t ground away. Sometimes in trading, it’s not about predicting a lot—it’s about seeing the weakness clearly afterward, and not getting spooked by a few fake moves into chasing and cutting wildly.

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