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Recent BTC price movements show clear signs of short-term topping characteristics. From the 8-hour chart, after reaching a high of 94,760.3, Bitcoin started to turn downward, with a series of consecutive declining candles, and the market's warning signals are quite obvious.
Analyzing the market performance, this wave of upward movement is essentially the result of short-term funds rapidly entering. When these funds begin to withdraw, the decline often comes quickly and fiercely. Although the 90,000 level appears to be an important psychological support, in the context of short-term fast-in, fast-out trading, it is often just a transitional zone. According to technical analysis, the next real support and resistance level should be around 88,800.
Of course, the crypto market is never absolute. If a sudden positive catalyst appears and funds flood in, BTC could stabilize and rebound around the 90,000 mark. But based on current market signals, the short-term downtrend has been gradually established, with the red volume bars showing a more regular decline rhythm, and the probability of chasing high is not ideal.
Rather than risking it all on luck, it's better to understand what the overall market is telling us. Wait to see if 88,800 can hold, or wait until this wave of decline finishes and the trend becomes clearer before entering. Such a pace is more stable. After all, candlestick colors don't lie—behind the red and green candles are real votes from funds. Going with the trend is the key to long-term survival in the crypto space.