1. I can only say that whether it's a retracement within a small trend or an overall retracement after the small trend has completed, taking partial profits means regaining some control;

The fuller the position, the less operational space there is. If it really breaks through, it might be a gamble on the left side under the tail effect, or a deeper decline with a mindset shift to cut losses. None of these are good operations;

Leverage indicates a further reduction in tolerance for errors and an increase in risk.

2. Currently, there are many uncertainties in the market, mostly related to policies and macro factors, and the trading market strongly dislikes uncertainty, so adjustments are normal;

Personally, I think it depends on the overall performance of Bitcoin and cryptocurrencies under the overlay of various factors;

In the crypto space, the "Crypto Structure Act" is still under negotiation. Whether it will be implemented? When will it be implemented? What compromises have both sides made? All are very important; the bill has two points that greatly impact cryptocurrencies and crypto stocks: 1 is the issue of stablecoin distribution rewards, which directly affects COINBASE's revenue; 2 is which assets qualify as commodities and which qualify as securities, which has a significant impact on altcoins themselves. Whether the bill can be passed by the end of the month also has a huge impact on the entire crypto market;

3. Therefore, at this time, I believe maintaining a certain position (as long as the daily bullish trend is not broken) and following the trend is a good strategy, allowing for some tolerance while waiting for the outcome and for various uncertainties to become clearer.