Today, a new patient named "$ERA" came to the emergency room of Xiao An Clinic. Unlike the usual new emergency patients, ERA did not show much external bleeding. Trading is similar to traditional Chinese medicine, which emphasizes observation, listening, inquiry, and pulse-taking; trading is no different from these four principles. Observation: The patient initially rose against selling pressure at the opening, then fell back to stabilize, accumulating volume on the 15-minute line under continuous high selling pressure; Listening: The clinic has recently renovated its equipment, and patients are flocking in. There are even rumors that a foreign relative named Coinbase came to visit, taking up precious emergency bed space in the clinic; Inquiry: Through questioning, it was learned that a family member named "AltLayer" has a long lifespan of 69 years, and this 15-year-old patient has a high potential for longevity; Pulse-taking: The patient's pulse was beating too fast, with a sudden 30% increase at 00:05, indicating a possibility of a relapse; Connecting the changes of ancient and modern times, this is a unique perspective. This is what is meant by teaching the physician.

Many people are asking about the situation with Ethereum. I woke up to see it at 3600, which has exceeded expectations by a lot. Why go short? Because historically, the 3400~3600 range has been a repeated area of being trapped, and there is a possibility of large whales reducing their holdings to break even. Additionally, the monthly chart has already risen by 45%, so the likelihood of a pullback is relatively high. But why hasn't the logic worked? Look at the trading volume; ETFs have seen a significant net inflow every day, and ETH's spot trading volume has surpassed BTC in the last couple of days... In the U.S. stock market, we are in a complete FOMO phase, and the buying volume in the spot market has directly overwhelmed the selling volume that should have caused a pullback. In this situation, a 10X leverage might not withstand a pullback, and I can't increase my position. For a pullback, I should control it within 3~5X leverage, and I still need to set higher entry points for my position. This loss is something I accepted as part of the gamble; I set my stop-loss at the previous high. I aim to keep the maximum loss within 20%, which won't affect my overall strategy. 1. The fact also proves that I can't win every time, so don't blindly follow others. 2. Now, which on-chain projects have the potential to rise? It's time to start looking.

It has already been settled, with a pullback of 2.6M, half of the profit in two months. This trade shouldn't have happened; I'll wait for future opportunities.