Teacher Dong, could you help me see what position is more appropriate to sell the Ethereum spot in this band?

Important Reminder
Whether 87600 is the peak or not
Don’t rush to short it

Many people are worried that 87600 is the highest point, fearing that if they don’t short it now, it will be too late. I would like to remind you that shorting it at this moment is not wise, as it is not the best opportunity to short.

If 87600 is indeed the highest point, then the likely subsequent trend would be a consolidation around the range of 85000-87600 for several days to distribute. If you short it right now, you are engaging in left-side trading, which means you are betting that 87600 is the highest point. If you are wrong, you could end up being trapped. The risks of left-side trading are far greater than those of right-side trading. If you must short, I recommend observing several more candlesticks.

If the candlestick pattern shows consolidation and fluctuation around the 85000-87600 range for distribution, you can short it when it makes a second attempt to rise on the 4-hour chart because it will be distributing, and it will likely return to around 87600, rather than dropping sharply. So how do you determine if it is distributing? You can check if the first drop from 87600 to around 85000 is accompanied by significant volume; if it is, it is highly likely that distribution is occurring. Therefore, when it stands at 87600 for the second time, you can short decisively. This is right-side trading, which is generally more certain. Thus, now is not the best opportunity to short because it is still uncertain whether 87600 is the highest point of this breakout.