I think it's an understatement that people must accept that the market wasn't just mildly overbought, but more insanely overbought due to the heavy speculation driving the price to its $20,000 high. If this is what the market needs to find its comfortable settling point, then so be it. The moment we dipped below $9000 I knew it was time to liqduidate my short term positions, and I'm still waiting to see what the best levels are to start buying back, and some people may not like to hear this, but it will be somewhere below the $7500 level, and I do expect it to happen soon. As trader you have to adapt to the changed market, and that for me was the moment the market cracked the $9000 level. If that $9000 level remained strong, I wouldn't have liquidated my positions.