Based on the 1-hour candlestick chart, here is a more actionable short-selling plan: After touching a high of 79387.8, the current market has formed a clear intermediate top structure. The price has decisively broken below the short-term uptrend line and is showing a classic pattern of lower highs. Combined with a high-level bearish moving-average crossover diverging downward, the market has entered the main declining wave of a choppy downtrend. On the indicator side, the price has decisively fallen below the middle Bollinger Band, with the bands showing signs of widening, signaling increased volatility and absolute dominance by bearish momentum. Meanwhile, the momentum indicator is operating below the zero axis, and the green momentum bars continue to expand, further strengthening the bearish signal. In terms of capital flows, the market recorded a significant net outflow, while the trading volume of 58.2k indicates a typical “high-volume decline,” showing heavy selling pressure from trapped positions above and weak willingness among bulls to provide support, with fundamental capital continuing to withdraw. Therefore, the trading strategy should maintain a trend-following short bias. Closely monitor how the price reacts under pressure after rebounding to the 78000-78200 resistance zone. If it is rejected in this range and forms a bearish engulfing candlestick pattern, short positions can be entered in batches. The first support below is at the previous low of 76916.6; a decisive break would open up further downside. The protective stop-loss is recommended above the previous resistance level to strictly control retracement risk. Short Bitcoin positions on a rebound at 78500, targeting 76500, with a swing target of 70000. Short ETH positions on a rebound at 2480, targeting 2420, with a swing target of 2350#Gate用户突破6000万 #Anthropic再签350亿美元算力协议 #GateFutures完成CFTC注册并加入NFA

This return has me feeling nervous, worried the market will come to its senses tomorrow and blacklist me. But then again, in a market like this, not taking a position would really let down all the late nights I spent watching the charts. When the screen was glowing green, $SOON lacked buying support during the rebound, and the selling pressure kept getting more intense. Watching it fail to gain traction after several attempts to rebound gave me even more confidence, so I directly entered a short position. The entry logic was simple: a rebound without volume is just playing games. At this level, I only want to short, not go long. There’s no need to say much about the result—the move reached 0.1893, and +361.77% was secured. All I can say is that the market served up a meal, and I happened to catch it. Those who still dared to go long during this sell-off should now understand what it means to be left speechless. As for the trade, take 70% off to celebrate, move the stop-loss on the remaining 20% up to the entry price, and keep as much profit as possible—take it off the table when it’s time. The market deals with all forms of defiance, especially from those who think they’re the smartest. Have a strategy before the market opens, discipline during the session, and reflection afterward. The next entry point hasn’t arrived yet; there will be more opportunities later. Don’t rush—wait for the structure to develop before deciding. $ETH $ADA

How should ETH be traded now? This rebound just pushed prices higher and looks fairly strong, but the overhead resistance is clearly there. My approach has always been to focus on shorting rallies. Put simply, the market is currently grinding back and forth within a range; whichever side sees a volume breakout will determine the real direction. The first major resistance is around 2490. If funds aggressively push the price up and it breaks through on heavy volume, the next level to watch is 2520. Consider opening a small short position at 2520; if it continues higher toward 2560, add directly. Chasing longs at high levels carries significant risk! If the market weakens and effectively breaks below the 2380 support, the bulls will be in danger, and the price could easily plunge toward the 2230 area. Overall, I remain bearish. Long positions are only suitable for quick in-and-out trades targeting a small swing—don't hold them for the long term. Those who have not entered yet don't need to rush to bet on a direction. Short if the upward move lacks strength; if the price breaks below 2380 amid a sell-off, you can also follow the move and chase shorts, with a stop-loss level you can accept. If you can't grasp the entry timing, or want to trade short term, leave a comment! #Gate用户突破6000万 $ETH