Ethereum's recent short-term correction is still quite interesting. I didn't really add to long positions much; on smaller timeframes, it looks like a rebound might be coming, and the chart just happened to form a bullish flag pattern. Based on the 1-hour timeframe, this pattern suggests that the price is likely to test around the 3000 level.

But from a different perspective, looking at the 4-hour chart, this move is a B-point rebound, meaning it hits a secondary high and then enters a C-wave acceleration downward. With that in mind, my plan is very clear — wait until the rebound reaches the 3000-3020 zone, then prepare to open a short position. If I can get in, the profit potential won't be too bad, at least a hundred points or so.

These days, my predictions haven't been too far off, but I tend to be quite conservative, so I've missed several opportunities. Plus, with the volatility around Christmas decreasing more and more, sometimes not catching a move is actually lucky. Honestly, the marginal benefit of going long has been diminishing lately.

Right now, I just want to play it safe. My consecutive wins so far are to protect profits from retracement. It's okay if I can't catch every move, but I must avoid getting hit — preserve the principal, because there are still plenty of opportunities ahead. I also want to remind everyone: in a market with poor risk-reward ratio, you must keep your emotions in check. Relying on luck might make you a few wins, but one big loss can wipe out your entire capital and gains.