My short position has been held for over a month now, let me briefly talk about the changes in my mental state during this period.

Stage One: You are all idiots! There was no time to accumulate positions (or I didn't see it), the moving averages are all over the place, there’s been no pullback, no adjustment, and one divergence after another—can this kind of rise go far???

Stage Two: Still relatively rational, feeling that it's too early for the bears to pop champagne if it drops back to 93; it's quite possible that there’s still a way to go to that 103 position. This wave of false signals is really impressive, but fortunately, I controlled my position well and got the average price above 10, which isn't a big problem; fishing for big gains with a long line, sitting steadily at the fishing platform;

Stage Three: It broke the previous high, I am unconvinced! This market can break the previous high in this state? The noise in my ears is gradually increasing, everyone around is bullish, feeling the pressure mounting, it's already starting to feel a bit uncomfortable;

Stage Four: Now, realizing the overall prediction was wrong, the only thought is how to properly handle this short position. I have no energy or time to care about other matters, I somewhat regret that I initially posted about researching Binance Alpha and didn't do that, but instead impulsively predicted and opened a short position. Is this the fate of a level two gambler?

Summary:

1. This kind of systematic short position is far less comfortable than a systematic long position because it fundamentally goes against the market trend;

2. The previous shorting tactics were basically light stop-losses to catch breakouts; this time, using this method feels particularly ineffective, I won't use it next time;

3. If the position is trapped for too long, various pressures will lead to distorted operations, and in terms of operations, I can only take a passive defense;

4. Most importantly, spreading too much energy is not cost-effective.