If Bitcoin follows this storyline, I should break even this week. Holding this short position during this time has indeed been mentally exhausting, and I believe everyone has experienced the struggle of holding positions. I have never liked holding positions, as it is not my style. I have maintained this short position for so long mainly because I believe the probability of an M-top at the weekly level is quite high. So what I intended to do was a trend trade, but honestly, after holding the position for almost a month, it has been really tiring, and I have lost the desire to watch the market every day. Seeing everyone in the group making various profits, to be honest, brothers, I am genuinely happy for you when you earn 1 or 2 points, but when you can flip your long positions by several times or even dozens of times, that’s a bit hard to accept, right? 😂

Bitcoin started to decline at 1 AM last night, and in the morning during the Asian session, it was pulled back up to the 107149 position before starting to sell off again. Looking at this 4-hour candlestick, it shows an engulfing pattern, indicating significant selling pressure. From 107149, it dropped all the way to 102000 with a slight rebound, which is normal since this is a recent support level, so it’s expected for retail investors to try to bottom out here. However, I personally believe that 102000 will not hold. It all depends on whether the main players will manipulate the market after the U.S. stock market opens tonight. If it breaks below 100700 tonight, everyone should consider reducing their long positions and spot holdings.