🚨 Market Mutation: Fake breakout followed by a counterattack, 88,000 has been lost again.
Market Review: Last night (late on the 22nd), BTC seemed to strongly break through 90,000, reaching a high of around 90,500, but the bulls failed to sustain the momentum. This morning during the Asian session, the market took a sharp turn downward, falling back and effectively breaking through the key support of 88,000.
Current Situation: This is a typical 'Bart Simpson Pattern' or 'Bull Trap'. The price seems to rise from where (86k) and is about to fall back to where. Currently at 87,300, it is in a downward continuation, with bears temporarily holding the short-term advantage.
Core logic: 88,000 has once again turned from 'support' last night to 'heavy resistance' today.
Pessimistic view: The failure to break through has triggered profit-taking, and it may test the buying liquidity around 86,000.
Optimistic view: As long as it does not fall below 84,500 (last Friday's low), this is still part of a large range fluctuation (85k-90k) and not a crash.
