The market directly dropped, and short positions at high levels have gained over 2000 points in profit. Currently, unrealized gains are close to 7,500K. From a larger cycle perspective, this price range was actually a good opportunity to short, and there's no need to chase the rally to go long—that's just inviting unnecessary trouble.

From a technical standpoint, there is still some downside space. If you are currently holding short positions, the key is to manage risk properly: consider gradually reducing your position size on large orders, and always set stop-losses for protection. Never be greedy.

Of course, if you have some ambition to recover your losses through this wave of market movement, the current pace might be just right. But the prerequisite is to respect the market rhythm and avoid being shaken out by short-term rebounds. Making reasonable trades and controlling your risk exposure are more important than anything else.