It looked strong at first, but this time the pull-up didn’t push the price higher. Instead, it kept falling back repeatedly at the highs. I started watching this pressure zone from 277.1. Later, the price moved to 193.7, and +1449.43% became the result. But in the process, the most crucial part was not how fast it dropped, but that the bullish momentum still didn’t get follow-through for a long time.

At the beginning, I also hesitated. Several bounces looked like they were about to break through again, and holding my short positions was definitely not easy. But each time it surged higher, the sell pressure became more obvious than the previous round. The support got thinner and thinner. Once you watch this kind of market structure in the crypto space for long enough, it usually isn’t an immediate breakout—it’s either about to explode, or it’s preparing to teach a lesson to the people chasing the trade.

What truly made me confident was that after breaking down below the consolidation zone, the rebound couldn’t reclaim the original position. That moment exposed the weakness of the bulls very directly. The subsequent sell-off only magnified the problems that had been hidden earlier.

This trade didn’t rely on luck to hold on. More than anything, I wasn’t carried along by fake breakouts. When the market is weak, don’t rush to prove yourself. Wait for the market to lay out the answer—short positions will naturally have room to realize gains.

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