Short-term trading is just an appetizer, swing trading is the main course, and another wave of bearish swing trading is coming.

Yesterday's calm market began to sway the moment the old yellow-haired one stirred things up. The market rhythm became unstable, with constant bullish-bearish disputes. With just a slight rally, some people chased relentlessly, looking up to 740-750, even 800. However, another group of people remained steadfastly bearish. This is human nature—some people become uncertain with the slightest fluctuation, swaying left and right, ultimately losing on both sides. Others, no matter what unexpected situations arise, always stick to their convictions and eventually achieve satisfactory results.

The current situation is clear. Overall structure-wise, it's still a bearish market. Yesterday's sudden sharp rally was merely due to external interference, and the rebound strength was insufficient to reverse the overall downtrend. Chasing longs carries obvious risk. As the saying goes, it's cold at the heights. Don't be deceived by temporary rallies. Even if short positions take hits, it's still better than being stuck at the peak. So going forward, I still maintain a bearish bias. Of course, short-term both long and short trades can be considered.

For swing trading here, consider shorting in batches around 718, 725 levels. Hedge at 735, enter with light positions, lock in the 670-650 zone below. Ethereum can follow the same setup.

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