Trader Eugene: All positions squaring, not sure if $60,000 will hold

On August 4, trader Eugene Ng Ah Sio posted on social media X, saying, "For some people to provide updates on how to deal with losses in real time, I recently experienced two retracements when trading perpetual contracts, and due to recent price movements, there are also large retracements in spot trading.
The first trading error was due to a lack of discipline in executing my ETHBTC trades, prematurely position squaring BTC short orders. Eventually, I position squaring multiple ETH orders, resulting in a net loss of $1.10 million on both pairs.
While avoiding some pain, I decided to go long yesterday after the market plunged on Friday. However, the market clearly did not reward this decision, and the spot price continued to fall to $60,000. The entire account lost about 3-4%, totaling $750,000, and I have position squaring all positions.
After this time, it became clear to me that the unknown unknowns increased. Although the risk-reward ratio of buying support is usually better than chasing momentum, I'm not sure if $60,000 will hold. In addition, I felt the emotional imbalance for the first time in a while, so I decided to stay away from trading and adjust my mindset in the next few days. "