Last night, the short positions of the three major currencies allowed BTC to take profit at 113333, ETH at 4112, and SOL at 184.85. Currently, except for SOL, which is 0.7 points away from taking profit, the others have all been closed. ETH has retraced to around 4072 as expected; 4072 is the starting point for the attack on 5k after breaking through 4k from below a few days ago. It is inevitable to pause here as it is only separated from the 4k barrier by one layer. Tonight, we will see the bullish resistance around the 4k barrier. Therefore, there is no need to chase shorts during the day; chasing shorts here can easily lead to being reversed if there is stimulus from the information front. Late at night, there will be the Federal Reserve meeting minutes, which usually stirs things up. ETH coinciding with the 4k barrier just happens to meet this informational node; what do you think it will do? Will it drop directly below or pull back above 4300? As a rational trader, preparations must be made for a pullback here. Even sitting in cash waiting for the pullback to re-enter is safe, but it is absolutely not advisable to chase shorts below 4072.

Similarly, there is no need to chase shorts below BTC 112600 and SOL 175 today. Opening new shorts carries risks. Observation is necessary here.