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Just finished a meal and reviewed the market $SOXL — the 4-hour structure is still bearish.
The price dropped from around 272 at the high, and although there were some bounces in between, the rebound strength was never enough.
In particular, the 190-200 zone failed to hold again, indicating persistent resistance above.
If fellow camp members followed the short side earlier, this wave captured profits from the downward trend.
The price is now around 171, approaching the 169 low in the short term, so continuing to short from here is not as comfortable.
If it later rebounds near 180 and fails to hold, the short side can still be watched; if it reclaims above 190, the weakness logic needs to be reassessed.
Those already positioned can consider taking some profits near 169, and if it breaks lower, target the 160 area.
But if the price quickly returns above 180-185, don't hold stubbornly — lock in profits and control risk first. $ETH $BTC #Strategy上周减持3588枚BTC