Bitcoin's first target is 88,000, which is also the lower boundary of the 4-hour ASR oscillation channel, and it was quickly reached last night.\n\nSince there is still a core liquidation zone at 86,000 below, it is currently uncertain whether the target has been fully reached.\n\nIf the price's pullback can still be controlled within the oscillation channel, then the overall market does not have the possibility of a sharp decline, and it will continue to oscillate within a large range.\n\nHowever, if it breaks below, especially if it makes a new low, then the decline continuation is confirmed, and there will be cheaper prices to recommend to relatives and friends before the New Year.\n\nWhat I am more optimistic about is a rebound from 88,000, so as not to be painfully washed out. #BTC