Grayscale sell-off and increased risk aversion caused Bitcoin to plummet by 3,000 points. Next, we will focus on the support around 88,000. This position happens to be the middle track support of the four-hour BOLL. If it does not break, we will continue to follow up with a low-multiple mindset. If it effectively breaks, Bitcoin will usher in a wave of corrections in the short term. The second support around 85,000 can be paid attention to below.

Bitcoin has risen sharply for 9 consecutive days and has repeatedly set new highs. It is normal for a correction to occur in the short term. In this process, the only thing we can do is to control the risk. If there is a large correction, then it may maintain a high-level adjustment for a period of time, and the regional direction is between 80,000-90,000.

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