In the past few days, I closed 80% of my short positions (only leaving a few newly listed coins with high FDV that I can't control), so let me discuss the script in my mind going forward. It’s likely to be inaccurate, as no one in the world can predict the market accurately, but my trading habit has always been to have a script preset in my mind first, and then take it step by step during the trading process.

Script: First, let’s go to a small new low to make those who are bottom-fishing lose > rebound starts in February and March > break the resistance level of 94000 in March and April, and the market starts to look at new highs again > a new round of declines starts in April and May.

During this phase, I will not open positions in several large blue-chip stocks, especially breakout positions. Looking back at January to April 2022, it is clear that the previous round at this position was sideways for over 100 days. As long as you dare to use a slightly higher leverage to play short-term, you would have been ground to death. The bear market is especially not the time for frequent trading, as it’s all about drawing doors. This point was particularly emphasized in the bear market survival guide I wrote earlier; to survive in a bear market, you must first control your hands.