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Bitcoin just took a sharp dive, breaking below the $88,000 level and wiping out the entire rally that preceded it. The pullback essentially erased all gains from the recent pump, signaling a potential shift in momentum.
What's interesting here is the clean reversal pattern—it's not just a minor correction but a full retrace that suggests sellers stepped in aggressively. Traders watching the daily chart will notice this kind of move often precedes either capitulation or consolidation phases. The key question now: is this a healthy breather before the next leg up, or early signs of weakness?
Keep an eye on support levels below this zone. Any bounce or breakdown will tell us where conviction actually sits right now.