#数字货币市场洞察 The market last night looked pretty intense. Bitcoin started dropping from 92,200 and even broke through the 90,000 lifeline, dipping as low as around 89,500 before recovering. Interestingly, the drop was quickly bought up, and the 90,000 level was firmly defended. This move was a classic "bear trap washout"—breaking a psychological level in the market, but instead of triggering a panic sell-off, large funds stepped in and pushed the price back up. This shows the bears are weak, and the main players used this shakeout to clear out retail holders and solidify their positions.

There were plenty of trading opportunities in this round. Some traders set up BTC and ETH short positions during the midnight hours—$BTC entered at 90,867 and exited at 89,049, while $ETH entered at 3,116 and exited at 3,038. Later in the evening, more BTC shorts were opened at 91,929 and 91,279, and closed at 90,780 and 89,681 respectively. In total, the three BTC shorts captured 4,550 points of profit, and the ETH short captured 78 points. These numbers reflect significant volatility in the current market.

From a technical perspective, the 89,500 area has become the hard floor for this correction. Every time the price dips here, large amounts of capital come in to buy the dip—this is a classic bull defense zone. The speed of that V-shaped rebound was especially fast, showing how aggressive buyers are at lower levels. Now that Bitcoin is stable above 90,000, the previously broken structure has been fully repaired, and the technical pattern has shifted from weak to strong, laying the foundation for further gains. In the mid-term, the bulls are still in control of the tempo. As long as the price holds the 89,500-90,000 support band, the rebound can continue upward. Next, watch the previous highs at 91,500 and 92,200—if price and volume work together, breaking through these resistance levels will open up more upside.

Current trading ideas:

$BTC: Consider long positions in the 89,000-89,500 range, targeting 92,000.

$ETH: Set up longs in the 3,070-3,100 range, targeting 3,200.

The market still offers more opportunity than risk, but you need to manage your timing carefully.