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$ETH At this position, compared to 3200-3400, the shorting risk-reward ratio is not very good, and I am currently in a Short Position.
There are two scripts:
1. Bounce back to 3200-3400 to find a position for shorting
2. Once again, it drops to 2800-2900, observe the price action, such as bulls being liquidated en masse leading to a decrease in OI, forming a temporary bottom, go long; take a wave of rebound and continue shorting.
Maintain the bearish outlook unchanged.
Pay close attention to the situation of US stocks, the US dollar index, and VIX tonight, as well as NVIDIA's earnings report in the early morning.