$BTC
The Ethereum small cycle breaks at 5m, short sell, or wait for a pullback to the neckline before short selling again, around 2663. Stop loss at the previous high; if it passes the neckline, manually close the position with a small loss, proving that the downward momentum is not strong, and it should consolidate sideways. It is advisable to maintain a flat position, this is the short-term thinking, while the larger cycle remains upward, this is just an adjustment during the rise, but do not chase after the rise, the risk is already apparent.
The Bitcoin is in a sideways consolidation, both long and short positions are possible, but participation can only be within a small cycle, and a stop loss must also be included. The position cannot be large, and the volatility is temporarily not significant, so there is actually not much necessity to participate.
I currently hold one long and one short position on Bitcoin, but they are not hedging; both positions are profitable, just with different entry points due to their size levels. You can understand it as a swing trade, washing out positions in sideways movement, the principle of spot trading is to lower the cost. There is no inherent conflict, but it tests the ability to capture signals with appropriate risk control.