Many people think they are geniuses, and as soon as they make money, they immediately short Ethereum in the opposite direction. Little do they know, this is exactly the trap the market loves to set.
Whether you previously went long and profited at 4000, 4200, or 4400, or whether you are full of imagination about future prices of 4800 or even higher, as long as you dare to short ETH, this wave of market movement will definitely cost you. And the more persistent you are with short positions, the more thorough your losses will be — only when Ethereum surges to 5000, 5500, or even more extreme heights will your stop-loss be repeatedly broken.
This is the market's law. True turning points often occur when everyone has given up on bottom-fishing and instead targets 4000 as the price to short, at which point the market turns downward, even plunging straight to extreme lows like 2500. By then, it’s too late to regret.
As a representative retail trader, I am a living example of this law. I was at 4650 in the...