Yesterday's Analysis Recap: SOL81 short positions were partially taken profit at 77. After adding to the remaining short around 80, I was stopped out due to losses. I was too focused on precise stop-loss placement; moving forward, I will provide more comfortable zone stop-loss levels.

News Summary: ① In the coming months, the main events to watch are: first, Trump's visit to China, focusing on potential benefits exchange outcomes; second, in May-June, Wosh officially taking over the Federal Reserve, which may lead to market speculation about new officials and easing expectations; third, before Trump's midterm elections, if good positions are available, hold on and wait for policy stimuli to take off. ② Market funds as of February 23: Bitcoin spot ETF net outflow of $204 million, Ethereum spot ETF net outflow of $49.47 million.

Trend Analysis: ① The market has currently broken below the 89.5-79.5 (SOL) lower range, indicating a downward structure. It hasn't finished falling yet; avoid bottom fishing. Moving forward, it is recommended not to chase shorts, as there may be oscillations with stop-loss triggers. ② The rebound starting from 67.2 has ended and been verified. After three upward waves, a downtrend has ended the upward trend. Currently, it may be followed by a five-wave decline. The nearest resistance is around 80; as long as the recent high is not broken, the downward trend remains intact. Therefore, staying short near 80 is still valid. The ultimate target of this trend is 47-52#当前行情抄底还是观望？ .