Scalping is just an appetizer; swing trading is the main course, and another wave of bearish swing trading is coming. The calm market yesterday started to sway the moment Old Yellowhead came out to stir things up. The long-short controversy has been intensifying, and with every small uptick, some people chase relentlessly.

Looking upward at 740-750 or even 800, but there's still a group of people steadfastly maintaining their short positions. People are like this—some waver left and right at every small fluctuation, ultimately losing out on both sides, while others, no matter what unexpected situations they face, always stay true to their convictions and eventually achieve satisfying results.

The current situation is very clear: structurally, the bears still control the stage. Yesterday's sudden strong pull was nothing more than external interference, and the rebound strength it provided is insufficient to reverse the overall downtrend. Chasing longs clearly carries greater risk. As the saying goes, it's cold at the top; don't be deceived by temporary rallies. Even if shorting gets hit, it's better than being stuck at the peak. So going forward, we still maintain a bearish outlook, though of course, both long and short positions can be participated in on a short-term basis.

For swing trading here, consider batch shorting around 718 and 725, add more on dips to 735, enter with light position size. Lock in the 670-650 zone below. Ethereum can follow along synchronously.