The grueling nature of the recent market action, with repeated back-and-forth tug-of-war, is plain for all to see. There is hardly anything left to complain about. Overhead resistance has repeatedly blocked the bulls’ attempts to push higher, while bearish pressure is gradually easing. After the CPI data was released, the market failed to trigger a major breakout. Following several rounds of choppy consolidation, the anticipated pullback eventually materialized. Looking back at Wednesday’s session, it was a true roller-coaster ride. BTC began climbing from its low in the early hours yesterday and surged to around 64450 by evening. After reaching the strong resistance zone, the bulls lacked follow-through, and the price came under pressure and fell, finding support at 63291. The current price is around 63400. Data can cause short-term price disruptions, but it cannot change the market’s underlying structure. The pullback after rejection near the highs once again confirmed the effectiveness of the overhead resistance. Trading recommendation: Short around 63600-64000, targeting 63000-62600, followed by 62000 and 60800 if those levels break. #区块链 $BTC $ETH $SOL

$BTC Around the 17th, I expect it to fall to around 60,300.

Last night, during the CPI data release, I led students in taking short positions on BTC and ETH, with average profits of 5,000–8,000 USDT. Faced with major news, we did not rush to take large positions beforehand. We patiently waited for the market to digest the news and entered only after signals were confirmed. The market will not deliver a bumper harvest every time; being able to capture the current swing and steadily accumulate is already very good. #区块链 $BTC $ETH $SOL