Last night’s market was another case of some rejoicing while others lamented. Some seized the opportunity to make gains, while others got trapped at the mid-levels.

Let’s first talk about the macro situation:

This morning, I saw the news that US national debt has surpassed $30 trillion. That number is truly staggering. Simply put, it means the US government’s debt keeps increasing, and just the annual interest payments alone amount to $1.2 trillion, putting significant pressure on the federal budget. In such a macro environment, market volatility is likely to remain elevated.

Now, looking at the technical side:

On the ETH hourly chart, the current trend is a bit tangled. Although the overall trend is still upward, the MACD yellow and white lines have already formed a death cross near the zero axis, with a clear increase in red bars. What does this mean? The upward momentum remains, but in the short term, a pullback for a breather might be needed. The key resistance levels above are at 3356 and 3550, while support is at 3035 and 2880.

Some thoughts on trading strategies:

If you opened a short position around 3070 yesterday, what should you do now?

Personally, I don’t think you need to rush to stop out, but don’t stubbornly hold on either. You can consider this approach: If the price rebounds to the 3356 area, you could appropriately add to your position to lower the average cost, and set your stop loss above 3400; if it directly breaks down through 3035...

(The original text was incomplete, but the core points have been presented.)

The market changes in an instant, and position management and risk control should always come first. Whether you’re going long or short, always set your stop-loss level—don’t let a single mistake wipe out your entire account.