Bitcoin recently broke below the key psychological level of $88,000, and this signal is worth noting.

From a technical perspective, this price level was originally an important support. Now that it has broken, it indicates that the bullish momentum at this height has significantly weakened. In the short term, the upward momentum is indeed somewhat exhausted.

In this situation, there are two possible directions: one is to continue probing for a bottom and find new support levels; the other is to consolidate and absorb buying. Most market participants should be on the sidelines, waiting to see if Bitcoin can stabilize at a lower level.

The performance of other mainstream coins like ETH is also worth paying attention to, as they usually follow Bitcoin's rhythm. At this stage, it's important to maintain the right mindset and avoid chasing highs.