2/17 BTC Market Analysis and Trading Suggestions:

1. Short-term Trend: The daily chart shows small red and green candles, with an unclear direction. The current price is in a densely packed short-term resistance zone around 100,000; if it hasn't broken through, it is considered a continuation of the downward trend, allowing for low long opportunities.

• Breakout Situation: If it breaks through 100,000, it may form a bottom; a pullback to the neckline and the lower half of the bullish candle is a buying point.

• Downward Situation: If it declines first, short-term support is at 93,800-92,300; if the rebound space is insufficient or it continues to decline, then hold off on trading; if it drops to the mid-term support of 87,200-84,800 (low probability), a rebound can be seized, with higher certainty.

2. Mid-term Resistance: 99,200-101,380; entry can be considered after a volume breakout and pullback.

3. Key Operational Points:

• Breakout buying points need to wait for structural confirmation; do not chase the first rise.

Core Strategy: Trade in the direction the market first moves.