ETH is currently in an ascending wedge. Initially, I predicted that after reaching the shoulder bottom and the U-shaped bottom neckline, it would form a descending wedge.

However, with the evolution of the market, an ascending wedge pattern has emerged, so there may be a false breakout here. Normally, it would start to decline directly, but the smaller indicators have mostly been digested, and the ascending wedge still needs a high point. In the short term, it may accelerate upwards, roughly around the 2480U level, then quickly retract. Therefore, the target for the current long positions is to watch here. After achieving the target, I will consider a strategy to close longs and switch to shorts.

In summary, the market has been changing rapidly in the past few days, mainly influenced by news, and the pattern is evolving as it moves. Of course, my rhythm is also quite fast. Some friends may be confused; weren't we bearish just now? Why are we going long again? Because seeing signs that the pattern is likely to rise, I definitely want to take a chance. Trading both long and short is important; the key is that whenever I have new insights, I announce them in the group immediately.

The impact of news is crucial, but technical patterns are certainly important as well. In the past few days, predictions based on patterns have been very accurate, profiting from both long and short positions daily. Of course, I am not a perpetual profit maker; sometimes I may make incorrect judgments, so be mindful of the risks.

Additionally, I will generally share my thoughts in advance regarding any changes. For instance, if the market rises while holding long positions, I will plan to close longs and switch to shorts at that position. If it drops, I will find a position to stop loss and look for another opportunity to go long, with detailed thoughts.