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【$ETH Signal】Short position + open interest divergence observation
$ETH cooled down after the volume declined, but the high open interest suggests that the market is very divided, and it is not a clear undertaking pattern at present.
🎯 Direction: Short position
Market logic suggests that the price decline is accompanied by high open interest, and it is necessary to be vigilant whether it is a bull liquidation stampede or the main force is orderly shipping. There is no clear buying absorption or bottom structure on the market, and price action shows that selling pressure is still dominant. Before there is a clear signal to stop the decline (such as the lower shadow line of large volume, the price stabilization after a rapid decline in open interest), the best strategy is to stay on the sidelines and wait for the market to give a clearer signal of long-short balance.
Trade 👇 $ETH
here
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