$BTC The market is never wrong; it's your judgment that is. Don't fight against the market; going with the flow is the true way. Holding onto positions against the trend will only amplify losses. In the early hours, we positioned ourselves for a short on Bitcoin, which led to Ethereum dropping from 1625 to a low of 1560. This drop provided nearly 65 points of movement, and our positioning in the early hours captured almost thirty to forty points of that space. Currently, the coin price has retraced to around 1625.

From the one-hour Ethereum chart, the price is operating below the middle line of the Bollinger Bands and the bands are opening, indicating bearish dominance and increased volatility, with a possibility of breaking the lower band; the KDJ indicator's three lines are in the oversold area but have not formed a valid golden cross, indicating strong bearish momentum and difficulty for bulls to counterattack; the MACD indicator shows the DIF line below the DEA line, with the histogram being negative and lengthening, indicating a continued strengthening of bearish momentum. In summary, current bearish strength dominates, and the price is likely to continue its downward trend in the short term