To be honest, this drop in $ETH isn’t surprising at all. What’s surprising is that a lot of people have been waiting for a rebound to catch it back up.

The most anti-human thing on the chart is right here: the more ETH “looks strong” around 1817.54, the more likely people are to let their guard down. But after several consecutive attempts to push higher failed, the structure clearly changed—the buying pressure didn’t keep pressing up; instead, every time price was lifted, it got slapped down by sell pressure. When the price was pulled to 1801.48, most of the earlier hesitation basically turned into take-profit.

This short position’s profit is currently +156.34%. The move has extended clearly, and the release of sentiment has been quite intense. My handling won’t be too aggressive: first, take profits on 80%, and the remaining 20% depends on whether there’s inertia pushing it down. The protection level will be moved down in sync. When making money, you also need to guard against a bounce-back.

The market has a new script every day. There’s no need to chase the very last leg just to prove yourself. If you didn’t get on board, don’t be anxious—don’t follow the trade. Wait for the next opportunity, and wait for a more comfortable level.

$BTC $SOL