On Monday night, we publicly gave an ETH long order at the current price of 1750. Before the U.S. stock market opened last night, the行情 successfully reached this round’s final take-profit target at 1868, capturing nearly 120 points of profit at the peak.

After taking profit and exiting the long position, we did not choose to immediately flip and open a short position. The logic was already explained clearly to everyone yesterday.

In recent times, the market has repeatedly probed downward to lure shorts and accumulate buying for absorption, piling up a large amount of FOMO shorting capital. The downside short-side liquidity is extremely dense. Before the main force officially kicks off a new round of downward trend, it will definitely first test upward, sweep through the batches of short-trap and locked-in capital concentrated below, digest that liquidity completely, and only then will it start the real downward momentum.

From the structure of the larger-cycle bear market, the current market does not yet show a trend of a bull return. So this rebound is more likely just a shakeout during the downtrend, specifically clearing the low-position shorting retail capital. At this stage, price is steadily moving upward in a slow “bulldozer” fashion, and there’s likely no big pullback that would allow us to go long at low levels. Therefore, next we will focus on waiting for high-level suppression to set up a short round.

On the daily timeframe, we’ve emphasized repeatedly that around 1900 is a relatively strong resistance area. Once it’s reached, we will take a short position$ETH

For Ethereum: short at 1908-1925, defend around 1965, and the first targets are 1865-1830-1780.

If the defense level is directly broken, the main force would have to dump a huge amount of capital to pull the price up, making the lift cost especially high. As long as the market gives us an entry opportunity to short, I will move decisively. At least the risk-reward ratio for this trade is appropriate.