This wave of the market has already partially closed the short positions.

In fact, when holding a short position, the timing of reducing the position is very critical — it’s important to lock in profits and also leave enough flexibility. This time, I chose to close part of the position mainly because I feel the market has reached a relatively high rebound stage, and the risk-reward ratio is starting to become less favorable.

Short positions inherently carry higher risk than long positions, especially during a sustained rebound. Therefore, reducing the position at the right time to secure existing gains and keeping the remaining positions light allows for a more relaxed mindset and better readiness for better opportunities.

Moving forward, I will continue to observe price trends and various technical indicators to see if there are still opportunities to go short. Be diligent when necessary, aggressive when appropriate, but most importantly, maintain respect for the market.