#数字资产市场动态 $BTC has indeed experienced quite a fluctuation recently, and many people are asking what’s going on.

The current trend is one word—down. It has already broken below the 7-day, 25-day, and 99-day moving averages, with the bears fully in control. After a sharp drop last night, there was a rebound, but the rebound lacked momentum, appearing more like a normal correction during a downtrend, and no significant reversal signals have been seen yet.

**Let’s start with some key price levels**

On the support side, @87,895.98@ is the lowest point in the past 24 hours and currently the most critical line of defense. If this level is truly broken, the next line of defense to watch is the @87,000@ integer mark.

On the resistance side, the first level is @89,187@ (7-day moving average), which is the first obstacle to overcome during a rebound. Higher up is @90,742@ (25-day moving average), which will be a tougher resistance.

**How to enter the market**

Conservative traders should wait until the price stabilizes above @89,187@ and a reversal pattern like a bullish engulfing candle appears for confirmation, then try a small long position with a stop loss below @87,895@.

More aggressive traders can consider entering a long position in the range of 88,000 to 88,500, aiming for a target of 89,000. But once the support at @87,895@ is broken, they must exit immediately and avoid greed.

In the end—stop-loss and take-profit must be strictly followed according to the rules, so as not to let your wallet suffer.