The price of the large cake has shown a significant downward trend recently, dipping to a low of 82,000, followed by fluctuations around 83,000. Although there are signs of a rebound, the strength is relatively weak, and the overall trend remains bearish.

In the past hour, the price has been fluctuating at a high level, but multiple consecutive bearish candles have appeared, reflecting heavy selling pressure in the market, especially when prices are declining, where selling power has clearly increased, leading to a cautious market sentiment.

From a technical perspective, the current price trend exhibits a step-like descending pattern, with bearish forces dominating. If the price cannot effectively break through the resistance above in the short term, it may continue to decline.

Afternoon strategy:

Large cake 84,800-85,100 rebound short

Target 82,000-80,000

Ether 2,150-2,170 rebound short

Target 2,080-2,030