Let me briefly share my views on the current market

$ETH Do not short!!!

1. The ETH/BTC exchange rate is on the verge of another volume breakout, there is still distance to the next potential resistance.

2. The selling pressure above the second coin should only be in the range of 4760-4860, we haven't reached that position yet, and the market after 9:30 PM is still greatly influenced by the US stocks. The US stock market reached a new high last night, and there seem to be no potential selling pressure zones found.

3. The last time I shorted was not at 4320 on Sunday, and now there is no consolidation zone, and the indicators have not shown divergence. Even a stubborn short must wait for the market to move.

4. Not acknowledging Ethereum's strength is too stubborn. It's just like watching Bitcoin reach new highs while thinking Ethereum could only reach 4000, and then only realizing Ethereum was really weakening when it broke below 2100. What's the difference?

5. Bitcoin's market cap is too large. If we can push the second coin to a position that no one dares to imagine, everyone should be happy. This will attract more people to the crypto space. Think about it, did you and I come to the crypto space because it would crash?

$BTC I can't even understand it now, and I guess there aren't many experienced folks around, so I won't analyze it.

Finally, I want to reflect a bit. I lost on 3 trades last night, two of which were short positions on the second coin. I think it’s okay to admit mistakes openly, as it can serve as a warning for others.

1. Making money from sleeping trades actually harmed me. Continuous profits from short positions created a path dependency, and in such a bullish market, it made me feel that shorting could also be profitable.

2. I did not stick to my principles and plans. Last night in Chige's livestream, I was actually following Chige, and I have no intention of blaming him; I only blame myself for lacking discipline.