The live broadcast tonight mentioned not to go short prematurely. It's better to wait for a higher position to short. Currently, the rebound of @E0 feels very similar to the one at the end of October, where sellers were reluctant to continue selling at the bottom, leading to a volume-contracted decline, and the rebound was triggered by the lack of ETF selling pressure over the weekend.

Unlike before, ETH/BTC has rebounded from its bottom without reaching resistance levels. This is mainly because institutional participation in the options market has become more optimistic. Over the past two days, implied volatility (IV) for options expiring has surged by 12-16%. Short-term sentiment has shifted from risk aversion to chasing leverage. Additionally, US institutions using Coinbase have shown massive spot buying here.

Ethereum's MicroStrategy BMNR has also seen institutional accumulation in recent days.

Therefore, I do not recommend entering short positions directly here. Even if BTC doesn't rise, ETH might move independently and rally. Going long right now isn't an ideal position either. Wait until Monday to observe the market sentiment, and always set good stop-losses regardless of whether you're long or short.