The recent drop of BTC from 95,000 to 91,000, I opened a short position at that point and successfully closed it. Looking back at on-chain data and capital flows now, it feels like the downtrend isn't over yet. So I opened a new position.

This might sound a bit contradictory—how can someone be so confident in being bearish and still short? Honestly, this is the result of years of experience in the market. You need to learn to let go of the black-and-white thinking of "rise or fall." In a clear downtrend, the most rational approach is to go with the trend, protect your principal first, and avoid getting liquidated. The market won't change direction because of your beliefs.

But there's a bigger dilemma hidden here: most of us enter this market with the original intention of asset appreciation. And what happens? We get dragged into an endless battle between bulls and bears. You have to constantly predict bottoms and tops, fight against unseen market makers, respond to sudden news shocks, and contend with your own greed and fear.

If you hold BTC, every green day is a torment; if you short, every rebound can make you break out in cold sweat. In such an extremely uncertain environment, is there a way to avoid having to choose strictly between "long-term holding" and "frequent trading"?

Yes. Take part of your assets out of this "bet on rise or fall" game and allocate them into DeFi systems that can provide you with "stable returns." This is what some leading DeFi protocols are doing. Their logic is straightforward: I don't try to predict the market; I provide a reliable yield mechanism. No matter how the market fluctuates, this portion of your assets can generate stable returns according to the rules.

This kind of strategic combination allows you to strike when you truly have an edge, while ensuring that part of your assets aren't driven by emotions and noise. This is the way seasoned traders should operate.