Crypto Talks with Xingge｜ETH drops to 1,870—why didn’t I choose to chase a short? The big-picture trend is bearish, and that’s fine, but for short-term trading you can’t look at only one direction. Many people see ETH falling from around 1,980 down to 1,870 and their first reaction is: “It’s down—then keep shorting.” But trading isn’t as simple as seeing a drop and immediately chasing shorts. When ETH tested around 1,980 yesterday, my thinking was also to short at the high. Because it’s close to the 2,000 whole-number level, and the breakout strength wasn’t enough—this area itself calls for a pullback. My plan from yesterday was shared in advance too, so everyone could discuss and exchange ideas together. But the market moved today, and price action has changed—so the trading approach needs to be adjusted as well. One more point everyone should pay attention to: In recent days, ETH has been one of the stronger assets in the market. When BTC has been ranging earlier, ETH instead kept strengthening. So some friends who were shorting ETH at high levels earlier had their short positions already stopped out after the price rose. Why? Because this round of ETH gains isn’t just a simple rebound following BTC—it’s driven by its own capital inflows. When a strong asset pulls back, you can’t only look at the drop; you also need to see whether there’s support underneath. Right now, ETH has fallen from around 1,980 to around 1,870. On a larger cycle basis, the upside pressure remains high, and the bearish thesis hasn’t changed. But in the short term, some space has already been released. At this position, if you keep chasing a short, there’s an easy problem to run into: You got the direction right, but the entry location is wrong. The morning plan: Wait for long opportunities around 1,880-1,860. Currently, the price is hovering around this area. For the short term, first watch 1,860 support. If 1,860 holds: For the rebound, watch around 1,910-1,920. If the rebound reaches here but lacks strength, then consider shorting again. Many people ask: “Aren’t you bearish? Why don’t you short directly now?” My view: Big-picture direction and short-term timing need to be separated. Being bearish doesn’t mean you short every single spot. Shorting near 1,980 is because the location is suitable. But shorting around 1,870 now has a different risk-reward profile. A truly comfortable short isn’t one you chase in the middle of the decline. It’s one you look for after price rebounds back to a resistance area. The market changes every day, and trading ideas also need to be adjusted. Yesterday I saw resistance at 1,980. Today I’m watching support at 1,880-1,860. This isn’t changing direction—it’s responding according to how price moves. Trading isn’t about who keeps their viewpoint unchanged forever. It’s about who can keep up with the market’s rhythm. Big-picture bearish, and short after waiting for the right levels in the short term. That’s trading. $BTC $ETH ‌#Bitmine持有578万枚ETH

Damn, what is South Korea doing? 🤣🤣🤣 got halted again. Hynix $SKHYNIX ‌ is dropping like crazy, and A-shares and Hong Kong stocks are all soaring to the sky. BTC $BTC ‌ Ethereum $ETH ‌ was directly smashed to pieces! This round really beat the bulls stupid 🤣🤣

This short trade against the market gave me a very direct feeling: getting the call right doesn’t mean the process is easy. Those few times at the high level that kept being pulled up and down again and again made the order book feel noisy and chaotic. I even briefly wondered whether they were going to re-raise the entire market. Holding my short positions didn’t feel comfortable. What truly changed my mind later was that the rebound kept getting weaker and weaker. When the price moved from 0.05794 to 0.04014, the sell pressure clearly overwhelmed the bids. In the end, it came to a gain of +605.92%. The market didn’t need any news to create the move—it exposed its own problems. In the middle, there was a grinding phase that was especially draining on patience. Many people probably got shaken out here. Honestly, I almost got off the train too, but I didn’t chase buying high or selling low just because of short-term volatility. Only after the selloff genuinely continued did my mindset gradually stabilize. After this drop, I became even more convinced about the bearish direction. It’s not that I started to think bearish only after seeing the price fall. It’s that the fine details of those earlier high-level rejections had been there all along. The hardest part of trading is, before the answer appears, staying clear-headed. $BTC $ETH