After the bears took over more than 200 points, the current rebound is a technical correction, which is within expectations.
However, from the four-hour chart, the rhythm remains a standard staircase decline. Although the bulls have made attempts to fight back, they have not been able to break free from the constraints of the range. Each rebound high is lower than the last, and the momentum is gradually diminishing, with the bears maintaining their dominant position.
Many people see a rebound and begin to fantasize about a trend reversal; in fact, this is the biggest trap. The core direction of the market remains clear, and the correction is merely a small interlude in the downward trend, not the starting point of a trend reversal.
Currently, it is suitable to follow the trend rather than fantasizing against it. The direction for Ethereum continues to lean bearish, with key resistance areas around 3860-3890. If it cannot effectively break through this level, it will remain a favorable window for bearish trading, with the first target at 3730. If it breaks below, there is a chance to test 3600.
I have also struggled with countless strategies and gone through a ton of tutorials, but the more I learned, the more confused I became, and the more I lost.
It wasn't until I completely gave up the obsession with "making money with my brain" that I truly tasted the thrill of violent trading.
