Yesterday during the day, Bitcoin's market was always within the previously drawn box, so I didn’t release an analysis. However, last night Bitcoin's price dropped, and those who were caught in the drop felt no joy at all. I mean, I placed an order at the previous high of 66500, and that order was filled. At nine o'clock, there was a small rebound, but I didn’t pay attention and went to watch a movie. When I came out of the movie, it was still within the box, but after having a late-night snack, the sky fell— it kept dropping, an unstoppable kind. In hindsight, Bitcoin's price has now bounced back up, temporarily halting the drop. However, during the decline, many stop losses for long positions were wiped out. That process last night must have been unbearable.

Speaking for myself, I also held positions yesterday and watched the market all night. It dropped from 66500 to 65400, almost losing 1000 points. At 65400, I did add to my position, with the lowest hitting 65200. I provided these two levels of 66500 and 65400 quite early, and those who placed orders at these two positions should have been able to take advantage of it. The order at 65400 should have been hit, while those who had their stop loss at 66500 were likely wiped out.

So why do I want to share this experience of holding positions with everyone? Even though it was profitable, the process was quite uncomfortable, and the mental torment was no less than for those who faced liquidation. I want to remind everyone to always set stop losses when trading; holding positions is absolutely not advisable.