Actually, getting out of a position also depends on the market environment you are in (consolidation, trend, or continuation structure). For example, on June 29, a partner was stuck in a short position on Bitcoin at 106,100, just when we were planning to short Bitcoin. However, he didn't add to his short position and instead shorted Ethereum in sync with us.

At the beginning of July, Bitcoin hit a low of 105,000, then surged all the way up to 118,888 USD. The consolidation between 105,000 and 108,500 lasted for a week, which was considered a continuation structure. Exiting the short position at the low point of the continuation structure was crucial.

Currently, Bitcoin is in a range adjustment structure between 120,000 and 110,000 USD. As long as it maintains above 110,000, Bitcoin will continue to push for new highs. Losing 110,000 will lead to a significant correction (there's not much meaning in a long-term perspective). #GetOut 👉🏻历史解套