The white plate Bitcoin has repeatedly attempted to break above the key resistance level, but the bulls are clearly lacking momentum and have not been able to form an effective breakthrough. By the evening, market sentiment gradually weakened, and the trend began to turn downward, leading to a rapid decline in a short period. This decline not only retraced the gains of the day but also further tested the support area below, indicating that the current resistance level is very strong, and in the tug-of-war between bulls and bears, the bears have temporarily taken the upper hand.

From the current trend, the market overall is still in a bearish pattern. Although a slight rebound may occur in the short term, this rebound seems more like a trap for the bulls, with limited strength and sustainability. If the price rebounds to near the resistance level, it would instead be an opportunity to set up short positions. Simply put, going short on rallies may be a more prudent strategy. The logic behind this is not difficult to understand: the upper resistance level has repeatedly suppressed the price, indicating that the market lacks confidence in further increases; the rapid drop in the evening also exposed the presence of selling pressure. Even if there is a slight rebound, it is likely just a test by short-term funds, making it difficult to form a trend reversal. For everyone, it may be wise to patiently wait until the rebound loses strength before entering the market, closely observing the reactions near the key resistance level. If signs of stagnation reappear after the rebound, the downward space may further open up.

Short-term trading advice: $BTC $ETH #美国2月PPI数据低于预期

Bitcoin around the nearby short of 81000, target focusing on around 78000; Ethereum around the short of 1860, target focusing on around 1780.