4 billion short positions may face liquidation, should retail investors with ID #ETH 'get on board' or 'get off' at this moment?

Recently, the short selling power in the Ethereum market has significantly increased, with a large amount of capital betting on price declines.

From a short-term perspective, if the ETH price strongly rises to the key level of 4850, given the current large scale of short positions, approximately 4 billion in short positions will face a huge liquidation risk; conversely, if the price declines to 3900, it can only force over 900 million long positions to liquidate.

This stark contrast reflects that market sentiment is predominantly bearish. However, when market sentiment is extremely one-sided, it often indicates that a significant reversal is about to occur.

From a comprehensive analysis of technical aspects and market psychology, Ethereum is currently at a critical decision point. If it can effectively break through the strong resistance above, it is expected to initiate a new round of upward momentum, triggering a short squeeze; if it breaks below the important support level, it may further exacerbate the downward trend, but one should be cautious of reverse operation opportunities after the market is excessively bearish.

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I will continue to arrange my trades. Rather than blindly exploring and failing to capture the best entry and exit points, leading to holding losses, it is better to follow me and those who agree can come directly.