Morning Thoughts on February 28:

The major cryptocurrency has recently experienced a significant decline.

From the daily chart, the candlesticks are showing consecutive bearish declines, indicating a clear trend. On the four-hour level, the overall candlestick pattern suggests a bottoming fluctuation and downward trend. Meanwhile, on the one-hour level, the recent candlestick combinations show alternating fluctuations between buyers and sellers. It is difficult for the market to rebound, but it has not broken the current downward trend, so the current rebound can only be viewed as a corrective action after the decline. The trend remains unchanged, and we continue to maintain a bearish outlook.

The major cryptocurrency can be shorted around 85000-85500, with a target near 83500.