ETH made a short position yesterday, and I just took most of the profits to protect the position. BTC also took a short-term long position, but it didn't go well and dropped several hundred points.



The key is to watch the trend over the next two days. ETH needs to break above 1790 to have a chance for a larger rebound; otherwise, it's just a rebound targeting the decline in the blue segment of Chart 1, and the structure is already complete.

Compared to recent volatility of US stocks like SPCX, META, and others, cryptocurrencies are not lagging by much. The volatility of SPCX on the 1-hour chart is enough for BTC to run for a week, and it's worth noting that this is a stock with a market cap of over 2 trillion dollars—quite terrifying when you think about it. #eth $ETH
ETH-2.08%
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