Short-term trading is just an appetizer; swing trading is the main course, and another wave of bearish swings is coming. Yesterday's calm market started swaying the moment the old yellow-haired one stirred things up, with continuous disputes between bulls and bears. Every slight uptick attracts some people chasing relentlessly.

Looking up at 740-750 or even 800, but some people remain steadfastly holding short positions. That's just how people are—some get shaken by minor fluctuations, swinging back and forth indecisively, ultimately getting hurt on both sides, while others maintain their conviction regardless of sudden situations, eventually achieving satisfactory results.

The current situation is quite clear. The overall structure remains in a bearish dominated market. Yesterday's sudden sharp rally was merely external interference, and the rebound strength isn't sufficient to reverse the overall downtrend. Chasing longs obviously carries significant risk. As the saying goes, it's lonely at the top—don't be deceived by temporary bounces. Even if you get whipsawed holding shorts, it's better than being stuck at the peak, so the outlook remains bearish overall. Of course, short-term participants can engage with both sides.

Here for swing trading, you can consider shorting in batches around 718 and 725, add on dips around 735, enter with light positions, and lock in targets in the 670-650 zone below. Ethereum can follow the same strategy.