$ETH

From the data, it appears that there are short positions entering at the 8-hour level (the 8-hour open interest is rising, and the main contracts are flowing out). The bulls seem to be holding on, but mainly the bears are pushing the price down. This can also be seen from the candlestick chart where the bulls and bears are in a tug-of-war.

The night before last, I rehearsed the approximate trend with my friends. It will either break the previous high or create a range-bound fluctuation. If it creates a range-bound fluctuation, the upper edge will likely be the previous high.

At that time, the price was only about 3 points away from the previous high. The strategy allows for a defensive reduction of positions. If it breaks out and strengthens, it would only mean missing 3 points. If it goes into a fluctuation, then reducing positions or exiting will provide more room for maneuvering in response to the upcoming market, continuing to lower the holding cost to secure profits. Both scenarios have been prepared, and we just need to wait for the market to unfold. Currently, it seems we are heading towards a range-bound fluctuation.

For bottom fishing, the key levels to watch below are 2440, 2365, and 2248. These levels can all be considered. Although this round of main forces is acting strangely, we still need to maintain a bullish outlook by disregarding the fundamentals and policies. This is a continuation of an upward trend, and the market hasn't reached its conclusion yet.