This move is a textbook case of luring people at the top and then crashing. $ETH started pumping aggressively at first, and the more lively and exciting it looks like this, the more you can’t just judge it by appearances.

I’d already been paying attention to this area earlier. Around 2079.09, it still looks like there’s some push left, but the support overhead is clearly thinner—multiple times it surged higher, yet it didn’t manage to break through the structure. A lot of people see the rally and rush to chase. I’m focused on the speed of the pullback—this is the key: the pullback is more decisive than the rise, which indicates that the bulls have already begun to loosen.

Now the price is back at 1814.39, and the short position is up +2212.65%. The room to move has opened up very comfortably. The biggest danger with trades like this is that after you’re in profit, emotion takes over again—so I’m not going to put all the profit on one more dip.

At the moment, the handling is simple: most of the positions take profit first, and the remaining positions have orders placed at the protection level—let’s see whether it can continue to release. A dead-cat bounce is fine, but the bounce can’t manage to reclaim the key level of suppression. If you didn’t participate, don’t chase the dip. There are always market opportunities—wait for a more comfortable position and then we’ll talk again.

$BTC $SOL