I believe the downtrend bottom for ETH from last August to now has already been formed

My current view is that it’s very possible to form a bottoming head-and-shoulders pattern...
Whether it can be confirmed depends on whether this bounce can break above the weekly-level resistance zone at the current position
From 2021 to today, the big range of 4800-1000 has been oscillating without any change
In a bear market cycle, what major changes could open up this range?
I think it won’t happen—whether it breaks to a new 5-year low or a new high
So, find the relative lows and highs of this big range
High sell, low buy is the best strategy~
Of course, high-multiple short- and mid-term perpetual contracts are hard to play—the hell mode
In a market with stagnant liquidity and existing players, those who get slaughtered are often the high-morale, high-leverage perp traders...
#ETH