First of all, every time before a trade, what really needs to be concerned is not how much has risen or fallen in the past, but whether the current pullback or rebound is strong or weak, real or fake. This determines whether to continue or observe, whether to follow or go against.

On June 23, $ETH in the morning,

1H K-line sets the rhythm:

This wave is a typical downward Discount zone that induces shorts + a short rebound. Unless it returns above 2350 and stabilizes, it is still a rebound perspective.

Today's thought process is still:

First, follow the rebound for quick trades, and after hitting the top, prioritize looking for short opportunities.

The current judgment is a volatile day; do not chase shorts below, and do not chase longs above.