Last night, after the CPI was released, we continued to suggest a shorting strategy, targeting 80,000 and 78,000 respectively. The price of Bitcoin fluctuated and declined from the 82,500 level, accelerating downwards to reach the 78,400 level during the early morning hours. The movement basically met expectations, and congratulations to friends who kept up with the rhythm and profited from exiting!

On the daily chart, after a strong upward movement, it reached the middle track and faced pressure. The K-line turned from bullish to bearish, and the price broke below the key support level of 0.618. After breaking below the EMA15 trend line, the bearish trend continued to decline. Currently, although there is a rebound, the bearish trend is obvious. The indicators show a decrease in volume and accumulation with K-line divergence downwards, and the DIF and DEA lines are obstructed with signs of continued downward expansion. It is expected that after the correction, there will still be a demand for further decline.