ETH surged to 3246 this morning, just 9 points away from my entry point at 3255. This wave of the market is interesting; the big players haven't even hit the resistance level yet and are already testing the shorts, which is a bit "sneaky."

Although the short positions ultimately didn't get filled, the entire bearish logic played out perfectly. Instead of feeling regretful, I find it more reassuring to see the price decline as expected—this feeling is even more comfortable than actually making money. You can clearly sense the bulls losing momentum in this wave, and the bottom-fishermen are clearly less enthusiastic.

Here's a key tip: Never chase shorts around 3215 now. Why? The risk-reward ratio is no longer favorable; the risk and reward are completely disproportionate. Catching falling knives is not worth it.

What’s the next move? Choose one of two strategies. The first is to hold a small position and wait for a rebound around 3235 before shorting, to have a cushion; the second is to wait for a new structure to form and not rush into this wave. Patience is often the best strategy.