Last night, the US stock market opened high and then fell, which is a very typical pattern. It's a bit of a pity that I didn't catch BTC at 80888 last night; I didn't expect the crypto market to be so volatile. It didn't consolidate for long before it started to drop, making it clear that 8 was probably not going to be reached. To become a qualified short seller, I turned to Ethereum, which was hovering between 1520-1530 at the time. Knowing it wouldn't go up, I just opened a position. At that time, I wasn't afraid of getting stuck; the key point in the China-US trade war is also the 50% tax increase. Both countries are insistent on saving face; one wants to prove it's the boss, while the other wants to show that it can't lose face even if it suffers losses. This gives me plenty of confidence in shorting. Currently, the 50% tax increase still has no outcome, but I am optimistic that it will be realized. At the moment, both countries are unable to mediate, and mediation could happen in the coming months, as it all depends on the actual situation which could change.

So I still maintain a bearish outlook. Moreover, Ethereum's performance in recent years has been disappointing, and long-term holders have lost confidence. Of course, Ethereum's price is at a new low for recent years, which is tempting, and naturally it rebounds strongly. From noon to evening, I plan to open short positions between 1460, waiting for results, waiting for a sell-off, and aiming for around 1350.

I won't share my small position in the picture; it's just a small chicken. I have lost quite a bit. For reference only. Feel free to criticize me; I have thick skin.