August 23, recap summary.

ETH afternoon short at 4350, stop loss set at 4550 was hit.

Why such a wide stop loss? It's because I believe that if there is good news, it will lead to a temporary rebound in the market.

Firstly, market makers will face hedging issues with call options, either suppressing prices or buying spot to push prices up.

Secondly, market sentiment may temporarily rise. Even if it goes up to around 4800, I wouldn't be surprised; I still remain bearish in the short term. Long-term, I can be bullish. I didn't expect this market to be as dreamy as in 2021; I thought that under institutional dominance, the mainstream coin ecosystem would be much better, but I still lack understanding. After good news comes out, institutions, market makers, and retail investors all put in effort collectively, fueling short sellers' stop losses. This short-term increase should rank among the highest in ETH's recent history.

Once again, I have learned to respect this market.

Many people want to get rich quickly in the crypto world, but only a few can exit unscathed. Difficult tasks must be tackled with ease; indeed, the ancients do not deceive me; the easiest thing in this market should be to lose money, so let's start learning from losing money 😂😂😂😂