Looking at the current ETH market trend, holding a short position at high levels is actually the most straightforward way to profit. But many people go against the trend and dive into the bottom-fishing trap. The problem is, now is really not the time to bottom-fish—there's a high chance of a second round of dumping.

The market is likely to first undergo a wave of oscillation and shakeout, setting up trap for bullish traps. Subsequently, a range around 2900+ yuan may form a trapped position, lowering the chips. Once this round of consolidation is sufficient, it will test the key support line at 2720 downward.

So instead of blindly chasing rebounds, it's better to wait patiently. The certainty of shorting at high levels is often more valuable than the uncertainty of buying low.