Whether it's bearish or bullish, I really don't know. I'm also confused. I just went to check out the experts. I saw that Boss Shi has been holding his short position on Bitcoin, and he bought a lot of long positions on SOL at 132. Just now, when it dropped back to 99.5, he closed the long positions on SOL and kept the short positions on SOL.

If you have Ethereum short positions on hand, reduce your holdings or sell if the rebound breaks 2480. If the rebound does not break 2480, you can hold on continuously and see if the next support level at 2350 can be broken.

If Ethereum's daily chart closes with an inverted hammer or a bearish candle today, would you dare to buy the dip?

A daily increase of 5-10% has shaken my confidence because it feels somewhat similar to before, and I don't even know if the bull market has returned. I hope it drops all the way down. If it keeps falling like this, then last night I sold the last portion of my long position, from 2441 to 2520.

God bless 🙏, I just closed the hedging position, and a few minutes later it plummeted... Does the daily chart go down the same way it goes up 🤔? Or is it just a profit-taking pullback 🤔?

Woke up from a sleep and the sky has fallen again, it really can rise... Has the bull market returned🤔？

Actually, for those who went long on Ethereum at high levels, I recommend cutting losses if it breaks below 2350. After all, first: the market has been rising for several days, it's not just starting to go up; second: if it breaks 2350, it will probe lower lows, possibly testing 2250. If 2250 breaks, that would be very troublesome. So if you don't cut losses when it breaks 2350, your unrealized losses will keep growing, just like when I was trading shorts in the consolidation zone—if you don't cut losses, the losses get big. Also, this big drop shown in the chart is a signal. Even if the bullish trend remains unchanged, it will affect the pullback, and you'll feel uncomfortable. Next, let's watch the US stock market open. If the situation is bad, then a real pullback is coming, and the pullback won't be just a matter of a few dozen points, but at least 150-200 points.

Why can you short if 2350 breaks? Because 2350 is the 1-hour moving average support. Usually, it will rebound here. If it rebounds and doesn't break 2380, you can directly add a second short position,

If shorting, if Ethereum falls below 2350, you can directly add to the short position when it rebounds up to 2380, targeting 2300

The bulls who chased the highs got trapped again, so this thing is really dangerous. With so many chasing the highs, the bulls might be stuck for several days.