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Bitcoin latest situation + support resistance level sharing!!! #BTC $BTC
🚨 Market Turmoil: A counterattack after a false breakout, 88,000 has been lost again.
Market Review: Last night (late on the 22nd), BTC appeared to strongly break through 90,000, reaching a high of around 90,500, but the bulls failed to maintain their momentum. This morning during the Asian trading session, the market took a sharp turn downward, falling back and effectively breaking through the critical support level of 88,000.
Current formation: This is a typical "Bart Simpson Pattern" or "bull trap." The price seems to be about to drop back to where it rose from (86k). The current 87,300 is in a downward continuation, with bears temporarily holding short-term advantage.
Core logic: 88,000 has once again turned from last night's "support" into today's "heavy resistance."
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.