1.30 Friday Afternoon Market Analysis

Powell's hawkish stance is fully evident, with the evening PPI data becoming a key validation point. An unexpected result will further reinforce the logic of delaying interest rate cuts. Trump's calls for rate cuts and the Chairmanship nomination are unlikely to reverse the core pricing in the short term.

Technically, Bitcoin has fallen from the high of 88167, with the rebound suppressed by the MA7, and bullish momentum weakening. Coupled with trapped positions and leverage liquidations, market sentiment remains fragile. Short-term key support is at 81118; a break below could see a move down to 78600, with resistance at 83300-84000.

In the afternoon, focus on shorting during rebounds.
Bitcoin trading suggestion: Short around 83300-84000, targeting 81300-82000; if it breaks 81118, consider holding a small position for further decline towards 78000.
Do not add aggressively before PPI data is released. If positive news and volume stabilize above 84500, consider a light long position aiming for 86000, with a stop loss at 83500.
$BTC