On Wednesday morning, the global financial markets experienced volatility due to geopolitical events triggering trade tensions. US stock index futures plummeted, directly impacting risk assets led by Bitcoin. Meanwhile, Japan's 40-year government bond yields broke through 4%, prompting an accelerated flow of arbitrage funds back to Japan, further squeezing liquidity in the cryptocurrency market.

Panic sentiment continues to ferment, creating a classic death cycle of sell-off - margin calls - re-sell. The psychological barrier of $90,000 was ultimately broken, and prices retreated further. However, considering the oversold condition, there are two major support zones below—Fibonacci 0.618 retracement level combined with the 50-week moving average. This area also includes a psychological line at historical lows, so the support strength should not be weak.

In the short term, around 88,500 and 87,500, bullish positions can be considered, targeting the $90,000 level.

From a long-term perspective, the 8.8-8.5 range is worth building positions in stages. The first target is 92,000, with potential upside to 98,000-100,000. However, risk management must be in place, with a stop-loss set at 83,000.

BTC, ETH, SOL, and other assets are under pressure in this correction, but technical support signals are still in effect.