1.6 Ethereum High Position Warning

The current high position we can see is at least 3800. If we are not close to 3800, do not chase shorts; wait for a pullback after a key level is broken before looking for short opportunities. It is acceptable to earn fewer points for now; it would be even better if we can hold long positions to profit at high levels.

Currently, regardless of any formations that appear on the market, we do not look for shorts. We temporarily abandon the reference of technical indicators because it is meaningless.

As long as we touch the key level we idealize and it declines, it is highly likely that it will be difficult to turn back. It will continue downward, and any rebounds are just to lure in more buyers. Therefore, at the current position, the probability of moving upward is relatively high. Bullish sentiment still needs to be cultivated and stabilized; otherwise, during the process of decline, there will not be a large number of bulls frequently buying in.