The reasoning behind escaping the peak and buying the dip at the bottom is the same. When buying the dip during the bottom stage, one hopes that the pump will lead to a continuous rise. When escaping the peak and having a short position, one thinks that the market will fall to a certain level before entering again. This reflects the dynamic human nature of the market. A common saying is that when trapped, people would rather miss out than be trapped. When closing all positions at the peak, if the market shows even a slight decrease, they would say they would rather be trapped than miss out. This is the nature of humanity and people's hearts.

The market will not always decline after you take a Short Position and try to escape at the peak, nor will it start to rise just because you buy the dip to enter. During this process, everyone tends to believe they are the chosen ones, or they feel proud just because the price rises a little after buying the dip. However, in reality, a slight rebound is merely a signal to entice you, including the current situation of closing all positions, which follows the same reasoning. Although the market has fallen now, as long as there is a slight rebound, everyone wonders if they will miss out.
In the crypto world, remember one thing: don't buy high, don't sell low, buy more as it falls, and buy more as it rises. If you grasp this rhythm, you won't lose money. Be sure to remember K's mantra: sell big during a big rise, and buy more during a big drop. Buy when no one cares, and sell when the crowd is bustling.
Every experience is a way to accumulate your own knowledge, and I hope everyone has good returns in this market.