Looking at the market chart, my fingers start to feel cold. I recognize this feeling.

In March 2020, I experienced it once. In May 2021, it happened again. Those were signals that liquidity was completely drying up—the air was filled with a sense of fear.

The current market atmosphere is exactly the same as those two times.

And even more heartbreaking, some people are still shouting for bottom-fishing and hoping for a rebound. The scythe is already raised, yet we are still celebrating a few points of increase. This logic itself is flawed.

**The Truth About Support Levels**

The $88,000 support looks unbreakable, but in reality, it’s as fragile as paper. On-chain data doesn’t lie—the whale that was fiercely defending the $90,000 level recently cleared all long positions and even reversed to short.

What does this indicate? The last line of defense for the bulls has already collapsed.

The volume of each rebound is shrinking, looking like the patient’s final gasp. The main force is fleeing, and this signal couldn’t be clearer.

**The Real Trap**

From the 15-minute timeframe, this is not a healthy correction—it's a classic trap to lure in buyers and then dump.

The manipulator’s strategy is very clear: push the price up to fill the gap above, then pin those following the trend who try to catch the falling knife at the top. Below the 89600 level, all positions are trapped.

Once the price falls below the previous low of 88200, there will be no real support below. At that point, a larger adjustment may be imminent. Instead of obsessing over a few points of rebound, it’s better to think clearly about your risk tolerance.