ARPA's project idea is actually quite good—separating data and computing power for processing. Think about it, AI currently craves high-quality data the most, but sensitive fields like finance and healthcare can't share data due to privacy issues. ARPA's technical solution indeed has the chance to break the deadlock.

It's just that ideals are lofty, and the reality is still in the exploration stage. Currently, it's mainly at the technical cooperation level, and large-scale commercial use hasn't really started. Only when massive amounts of data flow on this network can ARPA demonstrate its long-term value. To put it simply, it's a bet on whether data collaboration will become the new normal in the future, but this process will definitely take time.

Looking at recent trends, ARPA's rebound isn't very strong. Continuing to be bearish in this situation might actually be more prudent.

**Trading Strategy:**

**Direction**: Short

**Specific Operations**:
- Entry point between 0.0175 and 0.0177
- Stop loss above 0.0185
- Targets at 0.0166 and 0.0159

**Why do this:** From the market details, although there's been a rebound recently, the trading volume is quite average, indicating it's just a technical adjustment without real buying follow-through. Structurally, it's still making lower highs, so the bearish pattern hasn't changed. The rebound is actually a good opportunity to open short positions.

Additionally, the overall market sentiment is quite cautious now. Small-cap coins are especially sensitive to market fluctuations. Trading short along the trend is much safer than chasing rallies against the trend. As long as the price doesn't stabilize above the resistance, there's no need to change the bearish outlook.