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There has been some improvement today.
From the last time when it nearly broke above 98,000 points in three days, to falling back to 8,800 points within two days. The current RSI indicator is becoming more dynamic and less accurate, often signaling at least 500 points late. In the future, technical analysts should be extremely cautious when making decisions based on it alone and not rely on it as the sole reference. It has now already surpassed 8,900 points, which is much better than last night's 8,795 points.
Below is another colleague's perspective, which has some reference value but is not highly reliable:
#欧美关税风波冲击市场 Yesterday, Bitcoin surged to a high of 91,350, then the bears launched a fierce rebound. The price oscillated sharply downward and broke the key support level of 88,200. However, after the bottom was tested, positive signs of stabilization and recovery quickly appeared.
From a technical standpoint, when the price rapidly dropped near 88,200, it quickly rebounded and has now re-established above the 88,300 level. This movement visually confirms that there is solid buying support in the 88,200 range. After continuous efforts, the bears encountered strong resistance from the bulls at the key price level, ultimately causing the price to form a long lower shadow pin bar. This type of candlestick pattern often indicates that the bearish momentum is temporarily exhausted and market sentiment is marginally improving, also suggesting that the previous panic selling phase has likely come to an end.
Although this round of correction was significant, the price did not trigger a sustained panic decline after breaking through the key integer level but instead quickly bottomed out and rebounded. This fully demonstrates that the market has not fallen into a one-sided weakness. The current price level is likely to form a new zone of equilibrium between bulls and bears, laying the foundation for a technical rebound after overselling. If the price can hold above the 88,200 pin bar low and consolidate above 88,300, the market is expected to initiate a rebound, with an initial target in the 89,000-89,500 range.