Position: Currently, the long position in Ethereum is around 2600, and the short position in Bitcoin has been closed around 115000, near 117000, missing the lowest point.

Viewpoint: Today's market still mainly looks bearish on the pullback.

Reason: Considering the previous instances of pin bars and the strength of the rebound in the market, it is highly likely that there will be a second test after a pin bar. The essence of candlesticks is: rise - test resistance - fall - test support - rise, repeating this cycle.

Look at the larger scale and operate on a smaller scale. The daily closing level is not ideal, proving that the rebound strength is not large, and the probability of a one-sided upward trend is very small. There is a high probability that it will test the bottom support again and then fluctuate upwards. Friends who missed the opportunity must not open positions recklessly; trading is mostly about waiting, waiting for the key points before making a play.

So some may ask if it’s possible to chase a short, when to short, and when to go long. Currently, chasing a short is not advisable. The Bitcoin viewpoint rebounds to around 113-114000 combined with the smaller level MACD, a small position short can be opened.

From the perspective of Ethereum, it can be a small position short as it rebounds to around 4300 combined with the smaller level MACD.

Switch to a higher level MACD to look at it. Whether it's the daily level or the 4-hour level, it has not started to converge yet. Will the market drop again? Will there be a second test soon? Will there be a new low again? I don't know. You can patiently wait for the high and low points of the smaller scale to appear in the consolidation zone to open a position.

For those who missed out, don't be anxious. Protect your wallet and wait for the key position to open a position.