$ETH mentioned during the live stream yesterday that the range of 2680-2720 could be shorted. I opened a short position last night and placed an additional short order at 2720 before going to sleep. When I woke up in the morning, I saw that my initial ETH short position was actually profitable. The highest price during the night reached 2680, and I didn't get the chance to add to my short position at 2720.

Now the price has returned to the 4-hour framework. After a rise in the early morning, it was quickly followed by a drop that directly sucked away $153 million in market liquidity, mainly liquidating long users. Those who got liquidated clearly chased after the market during the night when it was rising crazily. After these long users were liquidated in the morning, the market began to rebound quickly.

In the current environment, both long and short users are struggling. Those who went long saw a strong rise in the evening and set their stop losses before going to sleep, only to find out in the morning that their stop losses were hit, leaving them feeling quite upset. Why didn't they take profits before going to sleep yesterday? Short users couldn't handle the market's strong rise yesterday, and after being stopped out at the peak, they saw a crazy drop in the middle of the night. Why couldn't they just hold on for a few more points? They would have been profitable by this morning. This is all a reflection of human psychology, where people always desire to expand their profits after getting an early gain.

ETH's market is set to oscillate again, with upper pressure at 2630 and lower support at 2550. Today, it should oscillate within this range. The strongest support below is at 2500, and the strongest resistance above is at 2720. Let's play around with this oscillating market.