Recently, the cryptocurrency market has been truly unpredictable! The news of Elon Musk and Donald Trump having a falling out has been making waves, and I initially thought it had no direct connection to the crypto world. However, the market has experienced significant turbulence, with the S&P plummeting, and the cryptocurrency market has also been thrown into disarray.

Looking at the cryptocurrency side, I've heard that some previously injured retail crypto investors are trying to "recover their losses" in the market. From the ETF outflow data, the flow of funds seems puzzling, reflecting that the market participants are also feeling uncertain and indecisive about the direction.

Speaking of market trends, just two days ago, many people were going long on ETH. In hindsight, this move seems like pushing oneself into a fire pit. Looking at the long-short comparison data, the number of people and the amount of capital going long appeared quite substantial at that time, with everyone hoping that ETH's price would soar and yield huge profits. However, the market doesn't follow the majority's expectations; the price not only didn't rise but instead turned downwards.

In my view, a decisive short position should have been opened at that time. Given the current market situation, shorting all the way down to 80,000 would have been a wise move. Ethereum's current technical indicators show a bearish bias on the daily chart, and the 4-hour chart is still fluctuating within a range. Various signs indicate considerable downward pressure. If one had taken the opposite approach and opened short positions while everyone else was frantically going long, they might have already made a significant profit instead of watching those who went long getting severely "punished" by the market.