Although Bitcoin faced a bearish rebound yesterday after reaching a high of 91350, with the price declining steadily and breaking below the 88200 level, the market has already shown positive signs of stabilization after hitting the lows.

From a technical perspective, the price quickly rebounded after rapidly dropping near 88200 and has now regained the 88300 level. This clearly indicates strong buying support in the 88200 area. After continuous selling pressure, the bears encountered strong buying interest at a key level, leading to a prominent long lower shadow (pin bar). This is often an important technical signal that short-term bearish momentum is waning and market sentiment is beginning to shift marginally, 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. Currently, a new balance zone between bulls and bears may be forming near the current price, 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 expected to initiate a rebound from the oversold state, with initial targets around the 89000-89500 region.