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BTC surged and then pulled back yesterday, now breaking below the key 90,000 level, with a low reaching around 88,000. The shift from strength to weakness is evident on the chart. In the short term, it is crucial to be alert to the risk of continued downside. The effectiveness of previous lows as support is the core focus: if support holds, the wide-range oscillation structure may remain, and a rebound could be triggered after a pullback to support. If support is lost, a new round of downside testing will begin, so risk control for positions is advised.
From a technical perspective, the 2-hour chart shows a continuous decline with consecutive red candles, with price falling from around 92,700 to near 88,000, forming a clear descending channel. Although a long lower shadow was recorded last night, indicating some short-term buying support, the current price is still suppressed by the 7-day (90,000) and 30-day (91,000) moving averages, limiting rebound momentum, and the short-term weak oscillation pattern remains unchanged.
Trading suggestion:
Short BTC on rebounds at 89,700-90,000, targeting 88,500-88,000. #成长值抽奖赢iPhone17和周边