Bitcoin has demonstrated a textbook-level price movement over the past 24 hours. It briefly fell to around 84,500 early yesterday morning, catching many traders off guard. But the subsequent rebound was exceptionally fierce—BTC surged nearly 4,000 points, regaining the 88,000 level.

From the chart, this is likely a classic bear trap. The main force created a false appearance of decline on Friday, clearing stop-loss orders below 88,000, then quickly pulled back to induce FOMO. Currently, the price is holding around 88,200, but the future trend remains to be seen.

There are two key points to watch: First, whether it can hold above 88,000 this weekend. If it does, 84,500 becomes a short-term bottom, and there’s a chance to test the 90,000 level again next week. Second, if the price drops below 87,500 again, this rebound can only be considered a retracement within a downtrend, and further correction pressure remains.

Liquidity is especially important amid such volatile swings. The rhythm of large capital inflows and outflows often determines the sustainability of a reversal. The next move depends on the battle between bulls and bears at these critical price levels.