From the market perspective, it has already started to fluctuate and decline. The short position strategy provided in the morning has also given an entry opportunity, and currently, we are in a profitable position.
Looking at the current situation, the four-hour level has shown a relatively obvious downward trend. The MACD bullish energy bars continue to decrease, and the KDJ three lines are diverging downward. There is still some space for short positions to be taken, and for taking profits, we should still focus on the support points given in the morning for partial profit-taking.
It is important to note that the current price of Ethereum has touched the four-hour mid-line support. As long as it breaks below this line, there is still a chance to explore lower levels. If it does not break here, there is a high probability of a rebound. Therefore, make sure to set both take profit and stop loss to prevent any profits from being given back!