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Bitcoin just staged a classic "false breakout" play. Just an hour ago at 15:41, BTC was still showing a fierce stance at the high of 91,632, as if ready to break upward in one go. But what happened next? Within the following 60 minutes, it faced a fierce sell-off, being forcibly pushed back down to 90,423. This pattern has been seen too many times—typical trap to lure in longs and then dump.
How fast can market sentiment reverse? The bulls chasing above 91,500 were instantly trapped. Not only was the initial rally during the European session swallowed, but the price also directly broke below the intraday midline at 90,500. From "optimistic breakout" to "panic retest," all within less than 2 hours.
The key now is: the 90,000 level is already in jeopardy. The price has returned to the lower boundary of weekend consolidation. Important note— the more times support is tested, the weaker it becomes. The downward momentum after a false breakout is usually quite fierce, and the 90,000 level is about to face the most dangerous test of the week.
Let's review the technical positions:
**Short-term support line** (1-3 days): 90,000-90,200 is the lifeline and the last line of defense. Once this is effectively broken, the newly entered longs will inevitably be trapped, and chain liquidations are no exaggeration. The next critical level is around 89,400-89,600. If 90k cannot hold, the price might directly drop here.
This is the current situation—each support breach triggers stronger downward expectations, and market panic often reinforces itself. The next key is whether the European session can stabilize this line.