Recently, this wave of decline seems inexplicable—no substantial negative news, purely a sell-off. Some people are puzzled, wondering why the price is so bizarre right now, almost as if something is wrong.

Ultimately, it's still that phrase: the bottom-building phase. During this process, the price is especially prone to rapid rises followed by quick drops. The logic is quite simple—first, activate market participation; retail investors chase high out of FOMO, then the other side uses mountain-like sell orders to create panic, triggering chain reactions of selling, allowing them to buy more chips at low prices. For big players, since they are active at the bottom anyway, smashing the price once, twice, or thrice costs almost nothing—why not do it? Once retail investors develop the habit of chasing highs and lows, a sudden continuous rally can follow.

But this plunge was indeed shockingly fierce—quick and ruthless, almost leaving no time for reaction. Normally, this would open a downward gap. However, a reminder: if a bullish line then appears and pulls the price back, that’s understandable.

Want to completely avoid the possibility of震荡洗盘 (shakeout and consolidation)? Unless the price directly breaks below 87400. Otherwise, big players still have room to continue their moves. After the sharp drop, the resistance level above has shifted to 88900. If in the next few hours it breaks through this level again, then it’s best to wait patiently for the market to stabilize before considering any operations.

At this position, it’s both a battleground for whales of all sizes and a key point in time and space.