Recent BTC price movements show clear signs of short-term topping characteristics. From the 8-hour chart, after reaching a high of 94,760.3, Bitcoin started to turn downward, with a series of consecutive declining candles, and the market's warning signals are quite obvious.



Analyzing the market performance, this wave of upward movement is essentially the result of short-term funds rapidly entering. When these funds begin to withdraw, the decline often comes quickly and fiercely. Although the 90,000 level appears to be an important psychological support, in the context of short-term fast-in, fast-out trading, it is often just a transitional zone. According to technical analysis, the next real support and resistance level should be around 88,800.

Of course, the crypto market is never absolute. If a sudden positive catalyst appears and funds flood in, BTC could stabilize and rebound around the 90,000 mark. But based on current market signals, the short-term downtrend has been gradually established, with the red volume bars showing a more regular decline rhythm, and the probability of chasing high is not ideal.

Rather than risking it all on luck, it's better to understand what the overall market is telling us. Wait to see if 88,800 can hold, or wait until this wave of decline finishes and the trend becomes clearer before entering. Such a pace is more stable. After all, candlestick colors don't lie—behind the red and green candles are real votes from funds. Going with the trend is the key to long-term survival in the crypto space.
BTC-0.37%
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WalletDetectivevip
· 4h ago
Once again, caught chasing the high and getting trapped. Fine, let's wait for 88,800.
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LiquidationWizardvip
· 5h ago
Chasing high again and getting trapped, you deserve it, brother.
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NotFinancialAdvicevip
· 5h ago
Once again, quick exit, it seems funds are not that foolish --- Breaking 88,800 is the real dip; those calling the bottom now are just bagholders --- The top is indeed obvious this time; short-term traders should wake up --- Instead of guessing the bottom, it's better to wait until the trend completes before acting; stay cautious --- 90,000 is just a fake move; the real support is below --- Are the red bars becoming more regular? Then wait for the green bars to appear --- Quick in and out of funds, in simple terms, is just the market maker doing a shakeout --- Wait for 88,800; only after breaking it can we move to the next step --- Chasing highs and gambling with luck is less worthwhile than observing quietly --- Candlestick charts don't lie, but retail investors always want to deceive themselves
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LootboxPhobiavip
· 5h ago
Talking about 88,800 again, it seems all analysts use the same routine Always predicting a top, but when a positive signal appears, it quickly breaks through 90,000 Maybe wait for the decline to finish before taking action
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GamefiEscapeArtistvip
· 5h ago
Coming back to trick me into chasing high again? Breaking 90,000, I would have sold early. This wave feels like quick in and out. It's not very smart to buy now. Let's wait for 88,800 to see the real move. The red candlestick's pace is a bit scary. Oh my, is it going to fall again? My position... Just look at this trend to see that funds are fleeing. Don't chase, everyone. Before bottoming out, check if the market can hold 90,000. I'm not gambling this time. Going with the trend is the most comfortable.
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ConsensusDissentervip
· 6h ago
If 88,800 can't hold, then it's really time to clear the position.
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