A sudden drop of 7000 points, this is one of the viewpoints.

Although Bitcoin faced a bearish reversal after surging to 91350 yesterday, with prices falling all the way down and breaking below the 88200 level, the market has already shown positive signs of stabilization after reaching the lows.

From a technical perspective, after rapidly declining to around 88200, the price quickly rebounded and has now re-established above the 88300 level. This trend clearly indicates strong buying support in the 88200 area. After continuous selling pressure, the bears encountered strong buying support at a key level, causing the price to form a noticeable long lower shadow (pin). This is often an important technical signal indicating that the short-term bearish momentum is waning and that market sentiment is experiencing a marginal shift, suggesting that panic selling may have come to an end. #Gate每10分钟送1克黄金 $BTC

Although the overall correction was deep, the price did not continue to fall in panic after breaking through a critical integer level but instead rebounded immediately. This indicates that the market is not in a one-sided weakness. The current price level is expected to form a new balance zone between bulls and bears, creating conditions for technical recovery after overselling. If the price can continue to hold above the 88200 pin low and consolidate above 88300, the market is likely to initiate a rebound wave from the previous oversold state, with initial targets around 89000-89500.