$BTC fell back into the framework of 99700-92000 after filling the gap above in the evening, just as I mentioned yesterday, the situation is facing profit withdrawal and stop-loss. While not being in a pattern, there is also the fear of missing out on a sell-off. Fortunately, I sensed the risk before this wave of a big drop and advised to take all profits on the contract positions. The characteristic of retail investors is that their funds come in quickly and leave just as fast, making it easy to get trapped if not careful.

$BTC After this drop, it will have to maintain a period of oscillation. The best outcome would be to test the price around 95000 and then rebound upwards to break the framework. The bad outcome would be breaking below the 92000 framework and heading straight for the price of 87000. The overall market trend is too irrational, and we can only watch and see as most people are stuck with their positions.