Family, I am the key to the blockchain. I just saw ETH soar from 4500 to 4800 and then drop back to 4690; many brothers in our community who shorted at 4500 are either liquidated or deeply trapped—don't panic! Based on my three years of trading experience, I will teach you step by step how to break through!

Brothers who are liquidated, hold steady first
Don't collapse when money is lost! Remember these two lessons learned with real money:

Do not let any position lose more than 20% of the principal! During volatile swings, do not aggressively increase your position against the market!
Brothers who are wrecked, don’t look at the market these days; there will always be opportunities, but if you lose your principal, you truly can't turn things around. When I first got liquidated, I sat in a rental and ate instant noodles for three days, then I realized: as long as the green mountains remain, we can wait for the next wave of market!

For those trapped in the 4500 short position, here’s how to operate
First check your position before taking action!
Heavy position (over 50% of principal):
Now around 4690, you must reduce your position! Cut 10% for every 50-point rebound, and bring your position below 30%! Don't think about recovering your losses all at once; preserving your principal is key to turning things around! Last year, a brother held on from 3800 to 5200 and ended up losing his down payment…

Light position (within 20%):

Choose one of two paths:
Stubborn holding faction: Move your stop loss to 4850 (50 points above the previous high), betting that the market will retest the 4500-4550 range before closing. This position is likely to have support as it was the starting point last year on Double 11.
Flexible faction: Now at 4690, add 1/3 short position, then add another 1/3 when it rebounds to 4750-4780, pulling the average price down to around 4650. Wait until it drops to 4550 (the 60-day moving average on the 4-hour chart) to take all profits! Last week I used this strategy to help the community escape at the peak of 4200, those who understand, hit 1!

These three critical levels must be closely monitored

Resistance levels: 4750 (intraday neck line, breaking may push to 4850), 4850 (previous high, last line of defense for bulls)
Support levels: 4550 (institutional cost area), 4450 (previous low, breaking may drop to 4300)

Lastly, a reminder
Don’t believe those words like 'must break 5000'! The exchange just liquidated 21 million USD in short positions, indicating that the bulls are also holding on. Now is the stage of the main force washing the market; hold your position steadily and operate according to the levels, don’t let greed and panic control you!

I am the key to the blockchain, a practical trader who has helped over 500 students break even. The community is currently monitoring the market; brothers who are trapped, click on my avatar to follow for real-time strategies! Remember: surviving in the crypto world is more important than making a killing!