In the field of cryptocurrency trading, patience and strategy are key to success. Currently, my short position of 33,355,048,916 Bitcoin has not been closed at a price level of 69,440. Although I cannot publish here, Binance is currently in a cooling-off period. I have drawn on the ideas of some experienced long-term traders and am experimenting with a smaller position. I invested 150 units of margin and have already gained about 258 units of profit. If the price breaks below 68,000 without signs of recovery, I plan to increase my position but still maintain a small position operation.

I slept soundly last night and woke up this morning to see that the price had briefly rebounded to around 69,200, but this did not cause me much fluctuation. My intention was to cultivate the habit of long-term trading; if I were just doing short-term trading, I might have closed my position around 68,700. However, those small profits are not attractive to me, and they could affect my rest and increase my risk when I re-enter the market.

Currently, many people are still optimistic that the price of Bitcoin will break through the 70,000 barrier. I also saw large orders around 71,200. I believe my short position may not hold for long. From the Bollinger Bands four-hour chart, around 65,000 is a key point for trend reversal. If the price can drop to 65,000, I might choose to exit. Recently, I do not plan to short Ethereum because when Bitcoin's price approached 69,000, Ethereum's price was already between 3,700 and 3,800. I do not know how Ethereum's trend will unfold and am worried it may suddenly surge. Therefore, this morning I chose to short Bitcoin.

In trading, we should sell when the market is euphoric and buy when the market is sluggish. When most people start chasing higher prices, I worry that market manipulators will start to act, so I decided not to enter the market to chase the rise. The worst-case scenario is to break even, using a small position to suppress my urge to play, which can be seen as an emergency hedge. If 69,500 is the high point of this pullback, then 150 units of margin could bring 1,000 units of profit, which is the ultimate charm of contract trading. Short-term trading carries too much risk and is a torment for oneself.

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