It took so long to go up, it only takes a few days to come down; Market makers sell more and more as they fall, and once their upward breakthrough fails, they are often quickly pushed back - this is the power of the Short Gamma structure. At present, it remains to be seen whether the remaining Long Gamma (green bar in Figure 1) at $90000 can pull the BTC price back, but here GEX only has $590 million, and the gravitational force generated may not be strong enough. However, once it falls below $88000, the GEX here has reached $1.3 billion, and the rest of the way is Short Gamma (red bar), which is an "acceleration" structure, so if BTC falls below 8.8w, it will be very dangerous. From a technical perspective, BTC's 3-day K made a false breakthrough at the key resistance level, and the daily K line fell below the downtrend line of $90588 yesterday, indicating that BTC has returned to a downtrend (suppressed by the trend line) at the daily level (Figure 2 and Figure 3). The above is only for learning exchange and not for investment advice! ------------------------------------------------ This article is sponsored by @ bitget | Bitget VIP， Lower rates and more generous benefits