First, let’s talk about yesterday’s move—from 92,000 down to 88,000. Did you catch that 4,000-point drop?

When the price was hovering around 92,000 yesterday morning, the hourly chart was already clear: a double-top pattern had formed, the neckline was broken and even retested for confirmation, and the previous low was also taken out. At times like this, once the turning point is set, a new reversal is very likely. So I went straight for it—opened a short position right away, with a stop loss set just above the previous high.

As you saw, it dropped all the way to 88,000—almost 4,000 points. For short-term trades like this, just manage your exit timing well—don’t get greedy.

After taking profit on the short, my plan was to wait for a rebound and then look to short again at a higher level. Risk management is the same as always, stop loss just above the previous high. I actually discussed this approach back on December 4.

Looking back at that day, I laid out two scenarios:

**Path A:** Top out right away → drop sharply without any pause → form a bearish continuation channel → break down further → target the 75,000 level below. This is the kind of aggressive, relentless move where one drop follows another without any breather.

**Path B:** Consolidate sideways at the current level → push slightly higher → complete a distribution phase → then head down together. This path would shake out a batch of shorts first, confuse the crowd, then move as one.

Honestly, which path we take doesn’t matter. What’s important is the direction—down. Whether it’s a straight drop or a fake-out rally before falling, the big picture hasn't changed. For short-term trades, follow the rhythm; for the mid-term, watch for the 75,000 level. Stick to your stop loss discipline and let the market play out the rest.