JUST IN: A new address opened and went short with full 100% of funds (~$19M) in ETH, liquidated around $2196. If this signals fresh leverage pressure, ETH short-term volatility could rise. $ETH

Going long on $hype and $eth , now I'm controlling the stop loss at 150u per trade. I can take several consecutive losses and give back profits, but once I catch a move correctly, I can make back several losses. If I manage the risk-reward ratio well and control the drawdown on positions, win rate becomes less important. with a 4-point stop loss, ETH with tight stops to capture larger moves.

Yesterday's market rally was entirely driven by sudden positive news sentiment, with funds concentrated entering due to verbal guidance, causing a short-term sharp rise. However, this kind of non-technical-driven market movement lacks a foundation for sustained upward trends, and after the surge, it will inevitably undergo oscillation and digestion, making it difficult to develop a continuous trend. From the four-hour perspective, despite the strong rebound momentum, the persistent upper shadow lines indicate significant resistance. The price failed to break above the upper band of the Bollinger Bands, and the overall downward pattern of the Bollinger Bands remains intact, meaning the bearish structure is still valid. In terms of trading strategy, I adhere to a high-short approach, viewing rebounds as opportunities to short. The limit orders previously set have now successfully captured 1,000 points of profit, and trailing gains will follow naturally. Trading suggestions: Short near 71200-71800, target below 70000-69400, with a break below 68000 or 66500.