Recently, Bitcoin's decline has indeed been quite fierce. Yesterday, the idea was to see if there could be a small rebound at the 90700 level, but I watched the live stream all afternoon, and the rebound never materialized. Seeing that the situation was unfavorable, I decisively reduced some positions, and the remaining positions were also closed out with a small loss later. To be honest, this wave of decline exceeded expectations. As a trader who is used to being bearish, I was actually caught off guard this time. This operation was indeed not very ideal.

Since I got caught out, I will return to my original approach—honestly sticking to a short strategy and waiting for a suitable rebound opportunity to re-enter. Based on the current trend, it might be until around 89700 before a better rebound occurs, at which point I will consider shorting again. The specific target range is between 88300 and 87200, which should face quite a bit of resistance.

Market conditions are like this; no matter how good the contingency plan is, execution is key. The main focus is still on risk control and finding the optimal entry point.