1. BTC staged a "high-altitude dive": it only takes 24 hours for the bull market to turn into a bear market! The recent trend of BTC has made everyone see the cruelty of "a day in the currency world, a year in the world"! It plummeted from a high of $99,866, directly below the $90,000 mark, to a low of $89,253! The 24-hour plunge of more than 10% has caused countless people to fall from "bull market carnival" to "bear market panic" - is this decline a normal correction in the bull market, or is it a death signal that the bull market turns to a bear market?
 2. Why the sudden plunge? Three major "air raid sirens" sound!
🔑 The real culprit behind the scenes is exposed:
- After all the good news for ETFs, funds went short: Before the excitement over the approval of the BTC spot ETF was over, the main players took advantage of the good news to ship goods, and retail investors became "takers"!
- Miners sold collectively, and blood flowed on the chain: after the halving, miners' costs soared, but the currency price fluctuated sideways, forcing miners to cash out frantically, and the market selling pressure was like a flood!
- Technical "death cross": the moving average system forms a short position, MACD falls below the zero axis, and the downward trend is confirmed - this is not a callback, but a trend reversal!

3. The current battlefield: the most brutal "no man's land" where multi-air fighting is the most brutal! Currently, BTC is stuck in the range of 89,000-95,000 US dollars, and the long-short game has entered a fever pitch:
- The last stronghold for bulls: US$89,000 is the recent low support. If it falls below due to heavy volume, we will directly look at the US$80,000 mark!
- Short target level: US$98,000 has become a strong pressure level and cannot stand above it. The bear market is confirmed and the next stop may be 7!
🔍 Pay attention to these two signals: - ETF fund flow: If ETFs continue to have net outflows, a bear market will be established;
- Miner selling data: Increase in large-value transfers on the chain = selling pressure continues, currency price is difficult to stop falling!
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