Bitcoin price fell below $90,000 in the early morning, with an intraday low near $88,000.
Currently, the price is hovering around $89,000. Market panic is spreading, and the Bitcoin perpetual contract funding rate has turned negative, indicating strong short-term bearish sentiment!
It is advisable to remain cautious in the short term, with a focus on the effectiveness of support in the $88,000-$89,000 area!
If there is a rebound, pay attention to whether the price can return above $90,000!
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Bitcoin price fell below $90,000 in the early morning, with an intraday low near $88,000.
Currently, the price is hovering around $89,000. Market panic is spreading, and the Bitcoin perpetual contract funding rate has turned negative, indicating strong short-term bearish sentiment!
It is advisable to remain cautious in the short term, with a focus on the effectiveness of support in the $88,000-$89,000 area!
If there is a rebound, pay attention to whether the price can return above $90,000!