Short-term trades are appetizers, while swings are the main course. Another wave of bearish swings is coming.

The calm market yesterday started to sway the moment the old yellowish one stirred things up. Disputes between bulls and bears continued, with some chasing relentlessly after a slight rise, looking up to 740-750, even 800. But others remained steadfastly bearish. People are like this—some lose their composure at the slightest fluctuation, swaying left and right, ultimately losing on both sides. While others, no matter what sudden situations arise, always hold firm to their convictions and eventually achieve satisfying results.

The current situation is very clear. In terms of overall structure, it remains a bears' market. Yesterday's sudden strong rally was merely external interference, and the rebound strength was insufficient to change the overall downtrend. Chasing longs obviously carries much higher risk. As the saying goes, "it's cold at the peaks." Don't be fooled by temporary rallies. Even if bearish positions get hit, it's better than being stuck at the mountain top. So Wukong remains bearish going forward, of course, short-term bulls and bears can both participate.

Here, for swings, reference 718, 725 nearby for batch shorting, see 735 for adding, light positions for entry. The lower zone is locked at 670-650. Ethereum can follow suit synchronously.
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