$ETH Yesterday was Monday, and Bitcoin kept falling from its all-time high of 79,000, with a precise low around 76,500 at midnight. But the rebound was clearly weak, so this afternoon I decisively suggested continuing short positions around 77,000 — now it has retreated to near 76,000, giving short sellers another thousand points of room! Ethereum followed the same pattern, short at 2,390 yesterday, long at 2,280 at midnight, and today continued with a high-positioning approach, short entry around 2,300, now at 2,260, steadily capturing gains.
Follow-up strategy:
After reducing short positions, profits can continue to be targeted lower. Bitcoin eyes 75,000 and 74,000; Ethereum focuses on support levels at 2,200 and 2,150. The market is very clear — no sign of stopping the decline, rebounds are weak, bulls are gradually exhausted, a typical “sideways instead of upward movement.” The longer the sideways, the higher the potential drop, maintaining the view of trading short-term waves. Last week, I called for wave shorts at 76,000 and 78,000, targeting 60,000 — are you holding steady?