#数字资产市场观察 Over the weekend, BTC lingered above 90,000, attempting to break 92,000 but failed to hold and began to turn around. This morning at 8 AM, the weekly candle closed, leading to a sharp fall — the 89,000 support was instantly breached, dropping as low as 86,300. From the peak, this pullback has already exceeded 5,000 points.

The market has been discussing the regulatory news from a couple of days ago, but to be honest, this is at best just a trigger. The essence is still about the technicals: pulling from 80600 to 93000, a rebound of over 12000 points should have taken a break long ago. The weekly and monthly closing is again applying pressure at a critical moment; it's strange if there isn't a correction. The news merely pressed the gas pedal; even without this, it would only be delayed by a day or two before the fall happens.

Now looking down, 86000 and 85000 are two thresholds. If 85000 cannot hold, 83500 may need to be tested. If there is a rebound, keep a close eye on the levels of 87000, 87800, and 88800— the key still depends on whether we can re-establish above 89000, otherwise the downward pressure remains.

Short-term trading reference:
BTC can consider long positions in the range of 85000-86000, with a target of 87800-88800.
Buy ETH around 2750-2800, target at 2880-2930.

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