Shorting the shanzhai has begun.

The rebound of $ETH has been quite strong these past two days, providing ample time for profit-taking, while the rebound of $BTC has been too weak.

Overall, August is still a market trend of oscillation and pullbacks, and the monthly charts for BTC and ETH have both turned red.

I personally plan to take advantage of highs to open medium-term short positions again. Those who prefer to go long can also do so during the oscillation and pullback market, but I do not recommend going long during this period, as it is counter-trend trading.

For reference.

I forgot to sync the updates from Twitter to the plaza a couple of days ago. The long positions taken on ETH and BTC during the rebound on August 3rd have already been closed for profit.