$ETH

ETHUSDT

Perp

3,054.42

+2.64%

The short position in ETH can be closed from 3325 down to 2900-2800. Originally, I was just waiting for the interest rate hike in Japan to trigger a selling effect, but now it feels like the negative news has mostly been priced in, so there could be a rebound. Additionally, the four-hour pattern looks very ugly, which is bullish. Currently, the bearish trend is still in place, but I have held this position for a long time and don't want to resist the rebound anymore. Therefore, I will take profit and exit, waiting to set up the next short position.