Ethereum Thinking | Weakness Continues, Rebound is Not Reversal, Just Adding to the Shorts

After yesterday's decline, this morning's rally looks more like a technical breather.
The price rebounded to around 2300 but was pushed back down again, indicating selling pressure is still present above.
The bulls just started to show signs of life but were quickly pushed back, and the rebound lacks sustainability.

Looking at the 4-hour structure:

The previous decline was very decisive, with key supports one after another failing, leaving little room for bulls to struggle.
Currently, the price is basically running along the lower band, with the bear's rhythm steady as clocking in for work, and the bulls haven't organized a decent counterattack yet.

This kind of market doesn't need to be overthought:

As soon as a rebound appears, treat it primarily as a shorting opportunity.
The market now is not the time for bulls to perform, more like bears walking and collecting profits.

Trading reference:

Second wave: Short in batches around 2310–2320
First target: 2250
If broken, continue to watch 2180

In a weak market, don’t always think about catching the bottom in one go and making it legendary.
Many people keep trying to bottom-fish, only to end up becoming shareholders.
Following the trend and eating from the bears often proves more reliable than guessing the bottom.