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Bitcoin Falls Below $88,000
According to the latest market data, Bitcoin has hit a new low during recent adjustments, with the current price hovering around $93,000, down 2.27% over the past 24 hours. Market volatility is quite evident, as the price has broken through multiple key support levels, including the significant round number of 88,000 USDT, which could not be maintained.
This round of decline reflects a shift in market sentiment, with investors showing increased risk aversion. From a technical perspective, the 88,000 level was originally considered an important support, but it was ultimately breached under bearish pressure. In the short term, whether Bitcoin can regain its footing depends on subsequent trading volume and changes in market sentiment.