In the early morning, Ether surged again, and the market sentiment is high. It is now very close to the historical peak of around 4880. Under the strong bullish sentiment, we have to consider the risk of a pullback. In the past, we positioned ourselves in the spot market around 2100, and after reducing our position around 3800, we decided to clear out at the 4600 level. Although it may continue to rise, the last coin is indeed the hardest to catch.

On the technical side, we have been continuously oscillating in the range of 4144-4380. After breaking through 4380, the final acceleration point is at 4638. There is a resonance pullback structure across multiple time frames including monthly, weekly, and daily charts. The current issue is whether the previous high can be broken. The serious divergence of the weekly KDJ indicator raises doubts about the upcoming structure, making it unlikely to be straightforward. After clearing the spot, in operations, we should use the previous high pressure at 4880 as a defensive position to bet on a significant pullback structure. Currently, attempts can only be made in this way, and only after a breakout can the upward space be opened.
Short Bitcoin at the previous high of 12.32, after a pullback of 4,000 points, currently rebounding for a second attempt to test the top, still considering short positions at 12.1-12.2. #BTC# #ETH# #DOGE#