ETH made a short-term short trade yesterday, just took profit on most of the position and set up protection. BTC also had a short-term long trade, but it didn’t go well and closed out after a few hundred points. Let’s focus on the price action over the next couple of days. ETH needs to break above 1790 to have a chance at expanding the rebound scale; otherwise, it’s just a rebound targeting the blue segment of the drop in Chart 1, and the structure is already complete. Comparing the volatility of recent U.S. stocks like SPCX and META, crypto is seriously lagging behind. SPCX’s hourly volatility is enough to cover BTC’s movement for an entire week. And keep in mind, this is a $2 trillion+ market cap asset—truly mind-blowing when you think about it.