When Bitcoin was around 99,000 USD, I repeatedly suggested that shorting at highs had a very high risk-reward ratio, and I emphasized that this was a huge opportunity that could allow you to earn thousands or even tens of thousands of points!

Currently, Bitcoin has reached the first target of 93,000 as predicted. Although my Bitcoin position hasn't seen considerable profit, I have taken profits and exited from ETH and SOL, which were operated at high levels. Under very favorable conditions, capital can be utilized in multiple ways, so even if Bitcoin is stuck in a loss, the profits from other operations can completely cover it.

A few days ago, I warned to pay attention to the emergence of trend reversal signals. Experienced traders should know that Bitcoin will never oscillate at the highest point of a continuous rise; it will soon break out of the oscillation range, and the likelihood of a drop is much higher than that of a continued rise. Therefore, the cost-effectiveness of shorting at highs is very large. Once a trend reversal occurs, the profit space will not be insignificant; it will drop back just as it rose before, with a drop of at least 1/3 certainly expected, meaning a return of Bitcoin to around 85,000 is highly probable!

Thus, I set the profit-taking target at 87,000, which seems relatively reasonable according to the trend. There’s no need to rush for a big gain at once; once profit is taken, just wait for the next opportunity to enter.

With today's significant drop, I believe many people have not reacted yet, still immersed in the madness of Bitcoin reaching 100,000 USD, not realizing that the market is harvesting directly while you are still unaware! Those who do not realize this still believe this is a normal pullback in the upward process, and they continue to buy the dips! The more such groups there are, the more severe the drop will be!

A single drop easily harvested 500 million USD in long positions! If you still see bullish in the near term, then just wait and get stuck, perhaps by the end of the year or next year it may help you get unstuck. Short positions opened at high levels do not worry about not dropping back, but if you are stuck in long positions at high levels, you may wait indefinitely to get unstuck!

Next operation suggestion: Currently, Bitcoin is in a downward trend, so do not have the idea of buying the dips. If you have no position, now is not the right time to make any moves unless you are doing grid trading to widen the range for earning from fluctuations; otherwise, just wait patiently with no position. If you have previously been stuck or have not made much profit in short positions, set your profit-taking targets at 90,500 and 87,000 according to your situation.