#美国核心物价涨幅不及市场预估 MERL these days has indeed been performing poorly. Heavy volume dump, daily decline exceeding 15%, and from a technical perspective, it's a clear weak trend. The price has already broken through recent support levels, and with such high open interest, the bulls can't hold up—either a liquidation or the main players are offloading.

The market logic is quite straightforward: the downward momentum is fully dominant, and the psychological sentiment has shifted to panic. Looking at the volume spike, you can see how strong the selling pressure is. The current issue is that even if there's a rebound, in this high open interest environment, it can easily be crushed by new sell orders.

If you want to follow a bearish approach, you can consider entering around the 0.204-0.208 region, with a stop-loss strictly set at 0.218. The targets below are 0.185 and 0.168. But the key is to wait—wait until clear signs of a trend reversal appear before considering a counter-move; otherwise, this trend may continue.

Even in the volatile crypto market, logic must prevail. Keep paying close attention to technical changes.