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#欧美关税风波冲击市场 Yesterday, Bitcoin surged to a high of 91350, then the bears launched a fierce rebound. The price oscillated sharply downward and broke below the key support level of 88200. However, after the bottoming out, the price quickly showed signs of stabilization and recovery.
From a technical perspective, when the price rapidly declined to around 88200, it rebounded swiftly and has now regained the 88300 level. This movement clearly indicates that there is strong buying support in the 88200 range. After continuous efforts by the bears, the price encountered strong resistance from the bulls at a critical level, ultimately leading to a long lower shadow pin bar formation. This type of candlestick pattern often signals that the short-term bearish momentum is exhausted and market sentiment is marginally improving, also suggesting that the previous panic selling phase has likely come to an end.
Although this correction was quite large, the price did not trigger a sustained panic decline after breaking through the key psychological level. Instead, it quickly bottomed out and rebounded, which fully demonstrates that the market has not fallen into a one-sided weakness. The current price level is likely to form a new equilibrium zone between bulls and bears, laying the foundation for a technical rebound after an oversold condition. If the price can hold above the 88200 pin bar low and consolidate above 88300, the market may initiate a rebound wave, with an initial target in the 89000-89500 range.