The market rises and falls like the tides, and true winners understand: during a surge, do not mistake luck for strength, and during a plunge, do not take panic as truth. Every fluctuation of the candlestick is the market's breath; bear markets hone skills, while bull markets realize profits. Fluctuation is not risk, but another form of opportunity—those who tremble in fear of volatility are always missing out, while those who skillfully utilize fluctuation are quietly accumulating. Remember, preserving capital is more important than chasing profits, because as long as the green mountains remain, there will always be a chance to participate in the next game. Looking back at the afternoon market, the price comparison did not have significant fluctuations, but oscillated around the 117700-116500 range. We also favored the bearish sentiment in the afternoon, and the short positions directly took profit with a space of over 800 points. The price comparison is currently around 117000.

From the 4-hour moving average system, a standard bearish arrangement has formed, with the 5MA and 10MA death cross continuously suppressing price rebounds. The 117700-118000 area has turned into a strong resistance zone. It is worth noting that the current rebound volume continues to shrink, while the decline is accompanied by increased volume, indicating that the market is still dominated by bears. The 116500 support level has been tested multiple times; if it is effectively broken during the U.S. session, it may trigger leveraged long liquidations, with the lower target pointing towards the 115000-114500 range. #CPI数据来袭 $BTC

In terms of operation, maintain the strategy of shorting on rebounds. It is recommended to pay attention to the pressure situation in the 117200-117500 resistance range; aggressive traders can try a light short position in this area, with stop-loss set above 118000. Conservative traders can wait for the price to increase in volume and break below 116300 before following the trend, targeting 115500-115000.