What is the concept of big following small? Here comes a typical case!

Since the rebound from 81K, both BTC and ETH have formed a standard ascending channel on the hourly chart. How to play this channel?
From a small perspective: this is the upward channel on the right side, where you can buy low and sell high around the upper and lower edges. Whenever the channel structure is broken, it's time to change your mindset.
From the 4-hour and higher time frames, this ascending channel can be seen as a flag structure of a medium-term downtrend. Medium-term trend trading involves looking for short positions around the upper region. We exit and change our strategy when a strong breakout channel forms at the 4-hour level.
The above is the application of trading in structural forms.
In addition to observing the structure, one must also consider the order book data. Over the past few days, during the upward movement of the bottom channel, the trading volume has weakened, the CVD has not risen in sync, and the OI open interest has increased moderately, indicating a process of long-short gaming.
According to the principle of "following the big trend and countering the small trend," following the medium-term downward trend and countering the small-level upward channel trend, placing short positions at the upper edge of the channel when the price is high is the application of "following the big trend and countering the small trend."
This is also the idea in the trading plan for the past few days. Continue to short in the range of 88.8K-89.6K during the day, and add to positions at the upper limit of the extreme channel at 90.6K. Only a drop below 85.3K would indicate breaking the channel and looking for new secondary bottom structure support. The short area for Ethereum and Bitcoin is in the range of 2980-3040.
If it strongly breaks through 91K on the 4-hour chart and holds steady, it will be necessary to consider adjusting the bearish outlook and switch back to a mainly bullish stance.
$BTC $ETH